Global Retirement Partners LLC Sells 133 Shares of Quanta Services, Inc. (NYSE:PWR)

Global Retirement Partners LLC decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,664 shares of the construction company’s stock after selling 133 shares during the quarter. Global Retirement Partners LLC’s holdings in Quanta Services were worth $5,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Alkeon Capital Management LLC boosted its stake in Quanta Services by 62.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock valued at $193,798,000 after purchasing an additional 250,000 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Quanta Services during the fourth quarter valued at approximately $46,364,000. International Assets Investment Management LLC grew its holdings in Quanta Services by 29,655.3% during the third quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock worth $44,269,000 after buying an additional 147,980 shares in the last quarter. Public Sector Pension Investment Board raised its position in Quanta Services by 81.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after buying an additional 125,530 shares during the last quarter. Finally, Meitav Investment House Ltd. purchased a new position in Quanta Services during the 3rd quarter worth $27,430,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Trading Up 0.4 %

NYSE:PWR opened at $286.71 on Wednesday. The company has a market cap of $42.32 billion, a P/E ratio of 52.90, a P/E/G ratio of 1.43 and a beta of 1.05. Quanta Services, Inc. has a 1 year low of $206.58 and a 1 year high of $365.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. The stock’s fifty day moving average price is $319.99 and its two-hundred day moving average price is $304.91.

Quanta Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders 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 yield of 0.14%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s payout ratio is presently 7.38%.

Analysts Set New Price Targets

Several analysts have recently commented on PWR shares. JPMorgan Chase & Co. increased their target price on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Bank of America began coverage on shares of Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 price objective for the company. Daiwa America upgraded Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. Daiwa Capital Markets began coverage on Quanta Services in a research report on Friday, December 6th. They set an “outperform” rating and a $355.00 price target for the company. Finally, Robert W. Baird boosted their price objective on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.50.

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.