FineMark National Bank & Trust Has $25.34 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

FineMark National Bank & Trust raised its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,174 shares of the construction company’s stock after buying an additional 1,398 shares during the period. Quanta Services comprises about 0.9% of FineMark National Bank & Trust’s investment portfolio, making the stock its 22nd biggest holding. FineMark National Bank & Trust’s holdings in Quanta Services were worth $25,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Webster Bank N. A. increased its holdings in Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after buying an additional 81 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Quanta Services during the 4th quarter worth $27,000. Prestige Wealth Management Group LLC bought a new position in shares of Quanta Services during the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services in the 3rd quarter valued at $31,000. Finally, Sound Income Strategies LLC boosted its holdings in Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Up 4.1 %

PWR opened at $279.21 on Tuesday. Quanta Services, Inc. has a fifty-two week low of $227.11 and a fifty-two week high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The firm’s fifty day moving average price is $288.60 and its two-hundred day moving average price is $304.81. The company has a market capitalization of $41.38 billion, a P/E ratio of 46.30, a P/E/G ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. On average, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. Quanta Services’s payout ratio is presently 6.63%.

Analyst Ratings Changes

A number of analysts have weighed in on PWR shares. Daiwa America cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. B. Riley reaffirmed a “neutral” rating and set a $300.00 target price (down previously from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. Citigroup dropped their price target on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Daiwa Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $326.79.

About Quanta Services

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.