Securian Asset Management Inc. Sells 184 Shares of Quanta Services, Inc. (NYSE:PWR)

Securian Asset Management Inc. decreased its position in Quanta Services, Inc. (NYSE:PWR) by 2.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,932 shares of the construction company’s stock after selling 184 shares during the quarter. Securian Asset Management Inc.’s holdings in Quanta Services were worth $2,507,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its holdings in shares of Quanta Services by 4.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,630 shares of the construction company’s stock valued at $1,779,000 after acquiring an additional 258 shares in the last quarter. Saturna Capital Corp increased its holdings in shares of Quanta Services by 11.1% during the fourth quarter. Saturna Capital Corp now owns 8,393 shares of the construction company’s stock valued at $2,653,000 after acquiring an additional 840 shares in the last quarter. PFG Advisors increased its holdings in shares of Quanta Services by 1.5% during the fourth quarter. PFG Advisors now owns 6,098 shares of the construction company’s stock valued at $1,927,000 after acquiring an additional 91 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Quanta Services by 11.8% during the fourth quarter. HighTower Advisors LLC now owns 110,283 shares of the construction company’s stock valued at $34,855,000 after acquiring an additional 11,659 shares in the last quarter. Finally, Natural Investments LLC bought a new position in shares of Quanta Services during the fourth quarter valued at $216,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 1.4 %

Shares of NYSE:PWR opened at $249.47 on Thursday. The stock has a 50 day moving average of $298.12 and a 200 day moving average of $304.89. The company has a market cap of $36.97 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12-month low of $227.11 and a 12-month high of $365.88.

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, beating analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. As a group, equities research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Truist Financial reduced their price target on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Citigroup dropped their price objective on 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 cut Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. Finally, Daiwa America cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $326.95.

Quanta Services 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.