Stevens Capital Management LP purchased a new position in Quanta Services Inc (NYSE:PWR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 28,230 shares of the construction company’s stock, valued at approximately $1,149,000.

A number of other institutional investors have also added to or reduced their stakes in PWR. Steward Partners Investment Advisory LLC boosted its position in shares of Quanta Services by 15.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,801 shares of the construction company’s stock worth $73,000 after buying an additional 244 shares during the period. Anderson Hoagland & Co. boosted its stake in Quanta Services by 0.5% during the 4th quarter. Anderson Hoagland & Co. now owns 58,164 shares of the construction company’s stock valued at $2,422,000 after purchasing an additional 275 shares in the last quarter. State of Michigan Retirement System boosted its stake in Quanta Services by 0.9% during the 4th quarter. State of Michigan Retirement System now owns 34,456 shares of the construction company’s stock valued at $1,403,000 after purchasing an additional 300 shares in the last quarter. Schafer Cullen Capital Management Inc boosted its stake in shares of Quanta Services by 2.2% during the 3rd quarter. Schafer Cullen Capital Management Inc now owns 17,080 shares of the construction company’s stock worth $646,000 after acquiring an additional 365 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Quanta Services by 60.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,038 shares of the construction company’s stock worth $39,000 after acquiring an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 88.58% of the company’s stock.

Shares of PWR stock traded down $0.44 on Friday, hitting $40.36. The stock had a trading volume of 28,834 shares, compared to its average volume of 1,099,091. Quanta Services Inc has a twelve month low of $32.11 and a twelve month high of $44.09. The firm has a market cap of $5.60 billion, a P/E ratio of 17.43, a PEG ratio of 0.75 and a beta of 1.21. The company has a current ratio of 1.82, a quick ratio of 1.80 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $40.44 and a two-hundred day moving average price of $38.93.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Quanta Services’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. Quanta Services’s dividend payout ratio is presently 7.91%.

A number of analysts have recently issued reports on the company. ValuEngine lowered Quanta Services from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th. Zacks Investment Research lowered Quanta Services from a “hold” rating to a “sell” rating and set a $41.00 target price on the stock. in a report on Monday, February 3rd. Robert W. Baird upgraded Quanta Services from a “neutral” rating to an “outperform” rating and set a $46.00 target price on the stock in a report on Tuesday, January 7th. Finally, DA Davidson raised Quanta Services from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating and seven have given a buy rating to the stock. Quanta Services has a consensus rating of “Buy” and an average target price of $45.25.

Quanta Services Company Profile

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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