CENTRAL TRUST Co Purchases 492 Shares of Quanta Services, Inc. (NYSE:PWR)

CENTRAL TRUST Co boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 42.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,658 shares of the construction company’s stock after buying an additional 492 shares during the period. CENTRAL TRUST Co’s holdings in Quanta Services were worth $524,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. lifted its holdings in shares of Quanta Services by 0.5% during the fourth quarter. Valley National Advisers Inc. now owns 6,976 shares of the construction company’s stock worth $2,204,000 after purchasing an additional 34 shares during the period. Greenleaf Trust raised its position in Quanta Services by 3.0% during the 4th quarter. Greenleaf Trust now owns 3,249 shares of the construction company’s stock worth $1,027,000 after purchasing an additional 95 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in Quanta Services by 1.5% during the 4th quarter. DAVENPORT & Co LLC now owns 9,447 shares of the construction company’s stock worth $2,986,000 after buying an additional 136 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Quanta Services by 2.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,813 shares of the construction company’s stock valued at $1,521,000 after buying an additional 120 shares during the last quarter. Finally, Independence Bank of Kentucky increased its stake in shares of Quanta Services by 20.3% in the fourth quarter. Independence Bank of Kentucky now owns 1,185 shares of the construction company’s stock valued at $375,000 after buying an additional 200 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PWR has been the topic of several analyst reports. BMO Capital Markets started coverage on Quanta Services in a report on Monday. They issued an “outperform” rating and a $338.00 target price on the stock. Guggenheim began coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a “neutral” rating for the company. Citigroup cut their price target on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. UBS Group lifted their price objective on Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their target price on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. 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. Based on data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $330.50.

Quanta Services Trading Down 1.8 %

PWR opened at $301.97 on Tuesday. Quanta Services, Inc. has a fifty-two week low of $200.23 and a fifty-two week high of $365.88. The firm has a market capitalization of $44.57 billion, a PE ratio of 55.71, a P/E/G ratio of 1.54 and a beta of 1.05. 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 company’s 50-day moving average is $327.77 and its 200 day moving average is $301.96.

Quanta Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. 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 dividend payout ratio (DPR) is currently 7.38%.

About Quanta Services

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.