Twin Capital Management Inc. Increases Stake in Quanta Services, Inc. (NYSE:PWR)

Twin Capital Management Inc. raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,733 shares of the construction company’s stock after buying an additional 231 shares during the period. Twin Capital Management Inc.’s holdings in Quanta Services were worth $3,708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PWR. Invesco Ltd. boosted its position in shares of Quanta Services by 3.7% in the 4th quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company’s stock valued at $604,871,000 after purchasing an additional 68,565 shares during the period. Bank of Montreal Can increased its stake in shares of Quanta Services by 2.2% during the fourth quarter. Bank of Montreal Can now owns 284,638 shares of the construction company’s stock worth $89,960,000 after acquiring an additional 6,148 shares during the period. Cerity Partners LLC boosted its stake in shares of Quanta Services by 2.1% in the fourth quarter. Cerity Partners LLC now owns 136,752 shares of the construction company’s stock valued at $43,060,000 after buying an additional 2,867 shares in the last quarter. Sierra Summit Advisors LLC boosted its position in shares of Quanta Services by 11.8% during the 4th quarter. Sierra Summit Advisors LLC now owns 39,671 shares of the construction company’s stock worth $12,538,000 after purchasing an additional 4,172 shares in the last quarter. Finally, Polymer Capital Management HK LTD purchased a new position in Quanta Services in the fourth quarter valued at about $1,264,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Down 5.0 %

NYSE:PWR opened at $239.50 on Monday. The stock has a 50-day simple moving average of $273.15 and a 200 day simple moving average of $304.43. Quanta Services, Inc. has a one year low of $227.11 and a one year high of $365.88. The company has a market capitalization of $35.49 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. 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, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Sell-side analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 yield of 0.17%. Quanta Services’s dividend payout ratio is currently 6.63%.

Wall Street Analyst Weigh In

PWR has been the topic of several recent research reports. Daiwa America lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. Guggenheim began coverage on shares of Quanta Services in a report on Wednesday, January 8th. They set a “neutral” rating on the stock. Daiwa Capital Markets downgraded Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. Citigroup decreased their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Stifel Nicolaus reduced their price target on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.