Millington Financial Advisors LLC Lowers Stake in Quanta Services, Inc. (NYSE:PWR)

Millington Financial Advisors LLC decreased its position in Quanta Services, Inc. (NYSE:PWR) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,456 shares of the construction company’s stock after selling 175 shares during the quarter. Quanta Services accounts for approximately 1.5% of Millington Financial Advisors LLC’s portfolio, making the stock its 20th largest position. Millington Financial Advisors LLC’s holdings in Quanta Services were worth $2,552,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PWR. Webster Bank N. A. increased its stake in Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after buying an additional 81 shares during the period. Sierra Ocean LLC acquired a new position in shares of Quanta Services in the fourth quarter worth $27,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Quanta Services during the third quarter worth $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services in the third quarter valued at $31,000. Finally, Sound Income Strategies LLC boosted its holdings in Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after purchasing an additional 91 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $259.79 on Tuesday. Quanta Services, Inc. has a one year low of $227.11 and a one year high of $365.88. The stock has a market capitalization of $38.35 billion, a price-to-earnings ratio of 43.08, a PEG ratio of 1.41 and a beta of 1.05. The company has a 50-day simple moving average of $314.37 and a 200-day simple moving average of $305.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30.

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

Analyst Upgrades and Downgrades

PWR has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Citigroup dropped their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Bank of America started coverage on shares of Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 price objective for the company. Roth Capital raised Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Finally, Robert W. Baird lifted their price target on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average price target of $328.11.

Quanta Services Company Profile

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.