RPG Investment Advisory LLC Has $18.97 Million Position in Quanta Services, Inc. (NYSE:PWR)

RPG Investment Advisory LLC trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,021 shares of the construction company’s stock after selling 4,250 shares during the quarter. Quanta Services accounts for 2.5% of RPG Investment Advisory LLC’s portfolio, making the stock its 9th largest holding. RPG Investment Advisory LLC’s holdings in Quanta Services were worth $18,970,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Webster Bank N. A. boosted its position in shares of Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after acquiring an additional 81 shares during the period. Sierra Ocean LLC bought a new position in Quanta Services in the fourth quarter worth $27,000. Legacy Investment Solutions LLC bought a new position in Quanta Services in the third quarter worth $31,000. Prestige Wealth Management Group LLC bought a new position in Quanta Services in the third quarter worth $30,000. Finally, Sound Income Strategies LLC lifted its position in Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares during the period. 90.49% of the stock is owned by institutional investors.

Quanta Services Price Performance

Quanta Services stock opened at $269.75 on Monday. The firm has a market capitalization of $39.82 billion, a P/E ratio of 44.73, a PEG ratio of 1.41 and a beta of 1.05. Quanta Services, Inc. has a 1 year low of $221.07 and a 1 year high of $365.88. The business has a 50-day moving average of $316.02 and a 200-day moving average of $305.98. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.12. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. On average, equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on PWR shares. Northland Securities reaffirmed an “outperform” rating and issued a $328.00 target price (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Robert W. Baird raised their target price on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Daiwa America raised Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. Guggenheim started coverage on Quanta Services in a report on Wednesday, January 8th. They set a “neutral” rating for the company. Finally, BMO Capital Markets started coverage on Quanta Services in a report on Monday, February 3rd. They set an “outperform” rating and a $338.00 price objective for the company. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $331.53.

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.