Quanta Services Inc (PWR) : Dalton Greiner Hartman Maher Co reduced its stake in Quanta Services Inc by 6.38% during the most recent quarter end. The investment management company now holds a total of 621,232 shares of Quanta Services Inc which is valued at $17,319,948 after selling 42,325 shares in Quanta Services Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Quanta Services Inc makes up approximately 1.15% of Dalton Greiner Hartman Maher Co’s portfolio.
Other Hedge Funds, Including , Parametrica Management Ltd added PWR to its portfolio by purchasing 9,481 company shares during the most recent quarter which is valued at $264,330. Quanta Services Inc makes up approx 0.75% of Parametrica Management Ltd’s portfolio.Creative Planning reduced its stake in PWR by selling 1,304 shares or 56.01% in the most recent quarter. The Hedge Fund company now holds 1,024 shares of PWR which is valued at $28,539. Banced Corp added PWR to its portfolio by purchasing 15,113 company shares during the most recent quarter which is valued at $421,199. Quanta Services Inc makes up approx 0.84% of Banced Corp’s portfolio. Contravisory Investment Management added PWR to its portfolio by purchasing 568 company shares during the most recent quarter which is valued at $16,336. Quanta Services Inc makes up approx 0.01% of Contravisory Investment Management’s portfolio. New England Research Management added PWR to its portfolio by purchasing 16,300 company shares during the most recent quarter which is valued at $460,638. Quanta Services Inc makes up approx 0.39% of New England Research Management’s portfolio.
Quanta Services Inc closed down -0.89 points or -3.09% at $27.87 with 18,64,551 shares getting traded on Tuesday. Post opening the session at $28.61, the shares hit an intraday low of $27.72 and an intraday high of $28.67 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Quanta Services Inc reported $0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.37. The company had revenue of $1790.00 million for the quarter, compared to analysts expectations of $1859.12 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Quanta Services Inc. Company shares were Reiterated by Stifel on Sep 23, 2016 to “Buy”, Firm has raised the Price Target to $ 32.50 from a previous price target of $28 .Stifel Upgraded Quanta Services Inc on Aug 5, 2016 to ” Buy”, Price Target of the shares are set at $28.
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.