Nations Financial Group Inc. IA ADV Lowers Stock Position in Quanta Services, Inc. (NYSE:PWR)

Nations Financial Group Inc. IA ADV reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,658 shares of the construction company’s stock after selling 61 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Quanta Services were worth $2,420,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC increased its holdings in Quanta Services by 22.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,261 shares of the construction company’s stock valued at $1,031,000 after purchasing an additional 605 shares in the last quarter. Banque Pictet & Cie SA grew its stake in shares of Quanta Services by 5.4% during the fourth quarter. Banque Pictet & Cie SA now owns 13,350 shares of the construction company’s stock valued at $4,219,000 after acquiring an additional 680 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Quanta Services by 29.7% during the fourth quarter. V Square Quantitative Management LLC now owns 3,740 shares of the construction company’s stock valued at $1,182,000 after acquiring an additional 856 shares in the last quarter. DT Investment Partners LLC grew its stake in shares of Quanta Services by 14.4% during the fourth quarter. DT Investment Partners LLC now owns 674 shares of the construction company’s stock valued at $213,000 after acquiring an additional 85 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of Quanta Services by 4.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 80,451 shares of the construction company’s stock valued at $25,997,000 after acquiring an additional 3,595 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

PWR opened at $285.13 on Friday. The business’s 50 day moving average is $320.72 and its 200-day moving average is $304.42. The stock has a market cap of $42.09 billion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a twelve month low of $206.58 and a twelve month high of $365.88.

Quanta Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s payout ratio is 7.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PWR shares. UBS Group raised their target price on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup lowered their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target 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. BMO Capital Markets assumed coverage on shares of Quanta Services in a research report on Monday, February 3rd. They set an “outperform” rating and a $338.00 price target on the stock. Finally, Daiwa Capital Markets assumed coverage on shares of Quanta Services in a research report on Friday, December 6th. They set an “outperform” rating and a $355.00 price target on the stock. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $330.50.

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.