Quanta Services, Inc. (NYSE:PWR) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 96.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,902 shares of the construction company’s stock after selling 105,630 shares during the period. Calamos Advisors LLC’s holdings in Quanta Services were worth $842,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PWR. Carnegie Capital Asset Management LLC lifted its position in Quanta Services by 24.5% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 1,650 shares of the construction company’s stock worth $356,000 after acquiring an additional 325 shares during the period. Gradient Investments LLC boosted its position in Quanta Services by 669,187.5% in the fourth quarter. Gradient Investments LLC now owns 53,543 shares of the construction company’s stock valued at $11,555,000 after buying an additional 53,535 shares during the last quarter. Saxon Interests Inc. acquired a new position in Quanta Services in the 4th quarter worth approximately $1,352,000. Nordea Investment Management AB raised its position in Quanta Services by 8,297.7% during the 4th quarter. Nordea Investment Management AB now owns 912,413 shares of the construction company’s stock worth $196,205,000 after buying an additional 901,548 shares during the last quarter. Finally, Bourgeon Capital Management LLC acquired a new stake in Quanta Services during the 4th quarter valued at approximately $4,085,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PWR. Citigroup increased their price objective on shares of Quanta Services from $234.00 to $237.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Evercore ISI began coverage on Quanta Services in a research report on Tuesday, February 13th. They set an “outperform” rating and a $237.00 price target on the stock. KeyCorp assumed coverage on Quanta Services in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Stifel Nicolaus upped their target price on Quanta Services from $237.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group lifted their price target on Quanta Services from $227.00 to $259.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.54.

Insider Activity

In related news, EVP Donald Wayne sold 1,101 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the sale, the executive vice president now owns 40,065 shares of the company’s stock, valued at approximately $10,494,626.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Donald Wayne sold 1,101 shares of Quanta Services stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $261.94, for a total transaction of $288,395.94. Following the transaction, the executive vice president now owns 40,065 shares in the company, valued at approximately $10,494,626.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Margaret B. Shannon sold 8,515 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $239.92, for a total transaction of $2,042,918.80. Following the completion of the sale, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $8,172,394.96. The disclosure for this sale can be found here. Insiders have sold a total of 47,125 shares of company stock worth $11,270,215 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Quanta Services Trading Down 1.0 %

Shares of NYSE:PWR opened at $243.26 on Monday. The business’s 50 day moving average price is $242.69 and its 200-day moving average price is $209.31. Quanta Services, Inc. has a 1 year low of $153.74 and a 1 year high of $265.82. The firm has a market capitalization of $35.61 billion, a price-to-earnings ratio of 48.55 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.44.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.21. The business had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.19 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.46%. The company’s revenue was up 31.0% compared to the same quarter last year. During the same period last year, the firm posted $1.54 earnings per share. On average, equities research analysts forecast that Quanta Services, Inc. will post 7.63 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, April 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.15%. Quanta Services’s payout ratio is currently 7.19%.

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.