Tributary Capital Management LLC Has $661,000 Holdings in Quanta Services, Inc. (NYSE:PWR)

Tributary Capital Management LLC lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 31.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,543 shares of the construction company’s stock after selling 1,176 shares during the quarter. Tributary Capital Management LLC’s holdings in Quanta Services were worth $661,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Artisan Partners Limited Partnership grew its holdings in shares of Quanta Services by 384.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,438,653 shares of the construction company’s stock valued at $526,261,000 after acquiring an additional 1,935,786 shares in the last quarter. Norges Bank bought a new position in shares of Quanta Services in the 4th quarter valued at about $335,777,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Quanta Services by 20,298.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,057,681 shares of the construction company’s stock valued at $228,248,000 after acquiring an additional 1,052,496 shares in the last quarter. Nordea Investment Management AB grew its holdings in Quanta Services by 8,297.7% during the fourth quarter. Nordea Investment Management AB now owns 912,413 shares of the construction company’s stock worth $196,205,000 after purchasing an additional 901,548 shares during the period. Finally, Capital World Investors grew its holdings in Quanta Services by 11.6% during the fourth quarter. Capital World Investors now owns 6,000,722 shares of the construction company’s stock worth $1,294,956,000 after purchasing an additional 624,545 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on PWR. Robert W. Baird lifted their price target on Quanta Services from $265.00 to $287.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. DA Davidson lifted their price target on Quanta Services from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Citigroup lifted their price target on Quanta Services from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Argus boosted their price objective on Quanta Services from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Finally, Evercore ISI boosted their price objective on Quanta Services from $255.00 to $288.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.85.

Quanta Services Trading Up 0.0 %

PWR traded up $0.02 during trading on Tuesday, reaching $247.63. 91,108 shares of the stock traded hands, compared to its average volume of 934,871. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $36.25 billion, a PE ratio of 47.99 and a beta of 1.03. The stock’s 50-day moving average is $268.84 and its 200 day moving average is $241.22. Quanta Services, Inc. has a 12 month low of $153.74 and a 12 month high of $286.87.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.14. Quanta Services had a net margin of 3.57% and a return on equity of 16.25%. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.96 billion. Equities analysts anticipate that Quanta Services, Inc. will post 7.69 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Monday, July 1st will be paid a $0.09 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.36 annualized dividend and a yield of 0.15%. Quanta Services’s dividend payout ratio (DPR) is 6.98%.

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.