Cedar Hill Associates Lowers stake in Quanta Services Inc (PWR)

Quanta Services Inc (PWR) : Cedar Hill Associates reduced its stake in Quanta Services Inc by 0.45% during the most recent quarter end. The investment management company now holds a total of 519,778 shares of Quanta Services Inc which is valued at $13,347,899 after selling 2,350 shares in Quanta Services Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Quanta Services Inc makes up approximately 2.23% of Cedar Hill Associates’s portfolio.

Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co boosted its stake in PWR in the latest quarter, The investment management firm added 44,055 additional shares and now holds a total of 663,557 shares of Quanta Services Inc which is valued at $16,874,255. Quanta Services Inc makes up approx 1.01% of Dalton Greiner Hartman Maher Co’s portfolio.Neville Rodie Shaw Inc boosted its stake in PWR in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 24,050 shares of Quanta Services Inc which is valued at $611,592. Quanta Services Inc makes up approx 0.07% of Neville Rodie Shaw Inc’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in PWR in the latest quarter, The investment management firm added 193 additional shares and now holds a total of 39,096 shares of Quanta Services Inc which is valued at $952,379. Quanta Services Inc makes up approx 0.02% of Exxonmobil Investment Management Inc Tx’s portfolio.

Quanta Services Inc opened for trading at $25.39 and hit $25.76 on the upside on Monday, eventually ending the session at $25.68, with a gain of 0.86% or 0.22 points. The heightened volatility saw the trading volume jump to 15,92,079 shares. Company has a market cap of $3,702 M.

On the company’s financial health, Quanta Services Inc reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.26. The company had revenue of $1713.70 million for the quarter, compared to analysts expectations of $1726.78 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Quanta Services Inc. Company shares were Reiterated by FBR Capital on May 6, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .Company shares were Reiterated by Maxim Group on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .

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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