Trillium Asset Management LLC Sells 1,040 Shares of Quanta Services, Inc. $PWR

Trillium Asset Management LLC lowered its holdings in Quanta Services, Inc. (NYSE:PWR) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,403 shares of the construction company’s stock after selling 1,040 shares during the quarter. Trillium Asset Management LLC’s holdings in Quanta Services were worth $18,894,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Cetera Investment Advisers lifted its position in Quanta Services by 5.8% during the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock valued at $40,701,000 after purchasing an additional 4,087 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Quanta Services by 3.6% in the 3rd quarter. Fifth Third Bancorp now owns 37,351 shares of the construction company’s stock worth $23,998,000 after buying an additional 1,282 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Quanta Services in the 2nd quarter worth $1,066,000. State Street Corp raised its position in shares of Quanta Services by 4.7% during the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after buying an additional 296,893 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Quanta Services by 11.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 225,059 shares of the construction company’s stock valued at $162,051,000 after buying an additional 23,850 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR stock traded down $4.68 during trading hours on Friday, hitting $601.48. 740,843 shares of the company’s stock were exchanged, compared to its average volume of 1,758,007. The company has a market capitalization of $90.63 billion, a PE ratio of 54.48, a PEG ratio of 1.55 and a beta of 1.29. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 0.60. Quanta Services, Inc. has a 12-month low of $408.36 and a 12-month high of $788.75. The business’s 50 day simple moving average is $627.61 and its 200-day simple moving average is $629.55.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.02 by $1.04. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the prior year, the company earned $3.33 EPS. The firm’s revenue was up 57.4% on a year-over-year basis. On average, equities research analysts anticipate that Quanta Services, Inc. will post 16.61 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is currently 3.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PWR shares. Deutsche Bank downgraded shares of Quanta Services to a “sell” rating in a report on Friday, July 31st. Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 3rd. Morgan Stanley downgraded Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. KeyCorp raised Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price target for the company in a research note on Friday, August 7th. Finally, Mizuho set a $684.00 price objective on Quanta Services in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $763.31.

About Quanta Services

Quanta Services, Inc. provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure. The company’s services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.