Ameriprise Financial Inc. has reduced its stake in Quanta Services, Inc. by 4.5% in the first quarter, according to the company’s latest filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 981,053 shares of Quanta Services, worth $163,311,000. Other institutional investors and hedge funds have also made changes to their positions in the business.
Vanguard Personalized Indexing Management increased its position in Quanta Services by 2.3% during the fourth quarter, owning 16,592 shares of the company’s stock. Seeyond raised its position in the company by 33.5% in the fourth quarter, owning 4,678 shares. Lagoda Investment Management increased its holdings in Quanta Services by 17.1% in the first quarter, owning 1,200 shares. Raymond James Financial Services Advisors also increased its holdings in the first quarter, owning 104,952 shares. Everhart Financial Group increased its holdings in Quanta Services by 12.5% in the first quarter, owning 2,347 shares. Overall, institutional investors now own 87.86% of the company’s stock.
Several analysts have weighed in on Quanta Services, with three rating the stock as a hold and five assigning a buy rating. The average target price is $205.27 per share.
Quanta Services Announces Dividend
Quanta Services, Inc. has announced a quarterly dividend that will be paid on October 13th. Investors who are on record as of October 2nd will receive a dividend of $0.08 per share. The ex-dividend date is September 29th. The dividend payout ratio for Quanta Services is currently 8.16%.
About Quanta Services
Quanta Services, Inc. provides infrastructure solutions for various industries, including electric power, gas utility, renewable energy, communications, and pipeline and energy. The company’s Electric Power Infrastructure Solutions segment is engaged in the design, construction, repair, and maintenance of electric power transmission and distribution infrastructure. They also install smart grid technologies and commercial and industrial wirings.
– Form 13F filing with the Securities and Exchange Commission: U.S. Securities and Exchange Commission
– Analyst ratings and target price data: MarketBeat
– Dividend information: MarketBeat
– Description of Quanta Services’ business: MarketBeat