Quanta Services, Inc. (NYSE:PWR) Shares Sold by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,485 shares of the construction company’s stock after selling 534 shares during the period. Quanta Services comprises 1.8% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in Quanta Services were worth $7,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in PWR. Versor Investments LP acquired a new position in Quanta Services in the third quarter valued at approximately $406,000. Principal Financial Group Inc. raised its holdings in shares of Quanta Services by 5.6% in the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock valued at $61,932,000 after buying an additional 11,012 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Quanta Services by 34.0% during the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock worth $2,148,000 after buying an additional 1,830 shares during the period. Waverton Investment Management Ltd lifted its position in Quanta Services by 6.5% during the 3rd quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company’s stock worth $12,509,000 after acquiring an additional 2,557 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in shares of Quanta Services in the third quarter valued at approximately $1,193,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Quanta Services stock opened at $298.44 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The firm’s 50-day simple moving average is $322.55 and its 200 day simple moving average is $303.94. Quanta Services, Inc. has a 52 week low of $205.82 and a 52 week high of $365.88. The firm has a market capitalization of $44.05 billion, a PE ratio of 55.06, a P/E/G ratio of 1.56 and a beta of 1.05.

Quanta Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given a $0.10 dividend. The ex-dividend date was Thursday, January 2nd. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. Quanta Services’s dividend payout ratio is currently 7.38%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PWR. Citigroup lowered their price objective 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. BMO Capital Markets began coverage on shares of Quanta Services in a report on Monday, February 3rd. They issued an “outperform” rating and a $338.00 target price on the stock. UBS Group boosted their price target on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird raised their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Bank of America assumed coverage on Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 target price on the stock. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $330.50.

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.