Granahan Investment Management LLC Has $237,000 Position in Quanta Services, Inc. (NYSE:PWR)

Granahan Investment Management LLC lessened its holdings in Quanta Services, Inc. (NYSE:PWR) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 751 shares of the construction company’s stock after selling 71 shares during the period. Granahan Investment Management LLC’s holdings in Quanta Services were worth $237,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Quanta Services by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company’s stock valued at $5,375,828,000 after buying an additional 161,277 shares during the period. Capital World Investors grew its holdings in shares of Quanta Services by 14.1% during the 4th quarter. Capital World Investors now owns 7,223,471 shares of the construction company’s stock valued at $2,282,978,000 after acquiring an additional 891,977 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Quanta Services by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 3,558,827 shares of the construction company’s stock worth $1,121,830,000 after acquiring an additional 99,416 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Quanta Services by 3.7% during the fourth quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company’s stock worth $604,871,000 after acquiring an additional 68,565 shares in the last quarter. Finally, Norges Bank acquired a new stake in Quanta Services during the fourth quarter valued at $544,937,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PWR. Bank of America started coverage on Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 price target for the company. DA Davidson lifted their target price on shares of Quanta Services from $295.00 to $305.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Argus set a $375.00 price target on shares of Quanta Services in a research note on Monday, May 5th. The Goldman Sachs Group reduced their price objective on shares of Quanta Services from $418.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $344.35.

Quanta Services Stock Down 0.1 %

NYSE PWR opened at $326.00 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88. The stock has a market cap of $48.33 billion, a PE ratio of 54.06, a PEG ratio of 1.41 and a beta of 1.02. The firm has a 50-day simple moving average of $271.55 and a 200 day simple moving average of $300.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. Quanta Services’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 EPS. On average, research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a $0.10 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. Quanta Services’s payout ratio is currently 6.45%.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.