Mizuho Securities Usa Exits Position in Quanta Services Inc (PWR)

Quanta Services Inc (PWR) : Mizuho Securities Usa has sold out all of its stake in Quanta Services Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 40,100 shares of Quanta Services Inc which is valued at $938,741.

Quanta Services Inc opened for trading at $23.63 and hit $24.38 on the upside on Wednesday, eventually ending the session at $24.29, with a gain of 2.79% or 0.66 points. The heightened volatility saw the trading volume jump to 37,30,653 shares. Company has a market cap of $3,714 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in PWR during the most recent quarter. The investment firm sold 3,582 shares of PWR which is valued $83,855. Community Bank N.a. sold out all of its stake in PWR during the most recent quarter. The investment firm sold 180 shares of PWR which is valued $4,214.New York State Teachers Retirement System reduced its stake in PWR by selling 397 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 414,869 shares of PWR which is valued at $9,712,083. Quanta Services Inc makes up approx 0.03% of New York State Teachers Retirement System’s portfolio.Anderson Hoagland Co reduced its stake in PWR by selling 13,160 shares or 12.45% in the most recent quarter. The Hedge Fund company now holds 92,505 shares of PWR which is valued at $2,165,542. Quanta Services Inc makes up approx 1.36% of Anderson Hoagland Co’s portfolio.British Columbia Investment Management Corp reduced its stake in PWR by selling 38,232 shares or 45.52% in the most recent quarter. The Hedge Fund company now holds 45,753 shares of PWR which is valued at $1,003,363. Quanta Services Inc makes up approx 0.01% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Quanta Services Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.28. The company had revenue of $1899.27 million for the quarter, compared to analysts expectations of $1785.27 million. The company’s revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.

Quanta Services Inc. (Quanta) is a provider of specialty contracting services offering infrastructure solutions primarily to the electric power and natural gas and oil pipeline industries. The Company operates in two segments such as electric power infrastructure services and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services such as design installation and maintenance of electric power transmission and distribution infrastructure and substation facilities among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design installation and maintenance of pipeline transmission distribution systems and gathering systems among others.

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