A. D. Beadell Investment Counsel Inc. Lowers Position in Quanta Services, Inc. (NYSE:PWR)

A. D. Beadell Investment Counsel Inc. decreased its stake in Quanta Services, Inc. (NYSE:PWR) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,290 shares of the construction company’s stock after selling 525 shares during the quarter. Quanta Services makes up 1.4% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its 27th biggest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Quanta Services were worth $1,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PWR. First Hawaiian Bank raised its stake in Quanta Services by 62.2% during the 4th quarter. First Hawaiian Bank now owns 4,680 shares of the construction company’s stock worth $1,479,000 after acquiring an additional 1,795 shares during the period. Silverleafe Capital Partners LLC increased its stake in shares of Quanta Services by 6,000.0% in the fourth quarter. Silverleafe Capital Partners LLC now owns 5,185 shares of the construction company’s stock worth $1,639,000 after purchasing an additional 5,100 shares in the last quarter. Neville Rodie & Shaw Inc. raised its position in shares of Quanta Services by 0.6% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 154,181 shares of the construction company’s stock valued at $48,729,000 after purchasing an additional 982 shares during the period. Everence Capital Management Inc. lifted its stake in shares of Quanta Services by 52.2% during the 4th quarter. Everence Capital Management Inc. now owns 2,040 shares of the construction company’s stock valued at $645,000 after buying an additional 700 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Quanta Services by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 3,612 shares of the construction company’s stock worth $1,142,000 after buying an additional 463 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PWR shares. Citigroup boosted their price objective on Quanta Services from $348.00 to $394.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Daiwa Capital Markets began coverage on Quanta Services in a report on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target on the stock. Wolfe Research started coverage on shares of Quanta Services in a report on Thursday, September 19th. They set an “outperform” rating and a $313.00 price objective for the company. UBS Group boosted their target price on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird raised their target price on shares of Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $324.25.

Quanta Services Trading Down 0.3 %

NYSE PWR traded down $1.09 during trading hours on Friday, hitting $311.11. 172,818 shares of the company were exchanged, compared to its average volume of 807,582. The stock has a market cap of $45.92 billion, a PE ratio of 57.40 and a beta of 1.06. Quanta Services, Inc. has a 52 week low of $187.27 and a 52 week high of $350.19. The stock has a 50-day moving average price of $328.05 and a 200 day moving average price of $293.59. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.26. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.56 billion. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. Quanta Services’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 EPS. Analysts forecast that Quanta Services, Inc. will post 7.9 earnings per share for the current fiscal year.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. Quanta Services’s payout ratio is currently 7.38%.

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.