Quanta Services, Inc. (NYSE:PWR) Shares Sold by First Hawaiian Bank

First Hawaiian Bank cut its position in Quanta Services, Inc. (NYSE:PWR) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,247 shares of the construction company’s stock after selling 291 shares during the quarter. First Hawaiian Bank’s holdings in Quanta Services were worth $2,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Greenwich Wealth Management LLC boosted its stake in shares of Quanta Services by 0.6% during the first quarter. Greenwich Wealth Management LLC now owns 10,415 shares of the construction company’s stock worth $1,736,000 after buying an additional 60 shares during the period. TCI Wealth Advisors Inc. raised its stake in shares of Quanta Services by 33.1% during the first quarter. TCI Wealth Advisors Inc. now owns 241 shares of the construction company’s stock worth $40,000 after purchasing an additional 60 shares during the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of Quanta Services by 1.0% during the first quarter. Moody Lynn & Lieberson LLC now owns 6,164 shares of the construction company’s stock worth $1,027,000 after purchasing an additional 63 shares during the last quarter. Highview Capital Management LLC DE increased its stake in shares of Quanta Services by 1.0% during the first quarter. Highview Capital Management LLC DE now owns 6,548 shares of the construction company’s stock worth $1,091,000 after acquiring an additional 65 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Quanta Services by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,225 shares of the construction company’s stock worth $4,037,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Quanta Services Stock Performance

NYSE PWR opened at $202.77 on Friday. Quanta Services, Inc. has a 1-year low of $123.25 and a 1-year high of $212.82. The company has a market capitalization of $29.44 billion, a P/E ratio of 51.73 and a beta of 1.08. The business has a 50 day moving average price of $203.23 and a 200 day moving average price of $182.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.68 and a quick ratio of 1.64.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.06). The business had revenue of $5.05 billion during the quarter, compared to analyst estimates of $4.69 billion. Quanta Services had a net margin of 3.16% and a return on equity of 15.48%. Sell-side analysts expect that Quanta Services, Inc. will post 6.47 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be given a $0.08 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.16%. Quanta Services’s dividend payout ratio is currently 8.16%.

Insider Activity at Quanta Services

In other news, EVP Donald Wayne sold 5,000 shares of Quanta Services stock in a transaction on Friday, September 1st. The stock was sold at an average price of $210.92, for a total value of $1,054,600.00. Following the completion of the sale, the executive vice president now owns 41,323 shares of the company’s stock, valued at $8,715,847.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

PWR has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Quanta Services in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Northland Securities lifted their price target on Quanta Services from $190.00 to $210.00 in a research note on Friday, August 4th. DA Davidson lifted their price target on Quanta Services from $170.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Credit Suisse Group lifted their price target on Quanta Services from $201.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, UBS Group lifted their price target on Quanta Services from $195.00 to $228.00 in a research note on Monday, July 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.27.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. 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.