Quanta Services, Inc. (NYSE:PWR) Stock Position Decreased by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 256,478 shares of the construction company’s stock after selling 1,133 shares during the period. Quanta Services accounts for approximately 2.1% of Reaves W H & Co. Inc.’s holdings, making the stock its 22nd biggest position. Reaves W H & Co. Inc.’s holdings in Quanta Services were worth $81,060,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PWR. Alkeon Capital Management LLC grew its position in shares of Quanta Services by 62.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock valued at $193,798,000 after buying an additional 250,000 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Quanta Services during the 4th quarter valued at about $53,949,000. Union Bancaire Privee UBP SA bought a new stake in shares of Quanta Services during the 4th quarter valued at about $46,364,000. Public Sector Pension Investment Board grew its position in shares of Quanta Services by 81.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after buying an additional 125,530 shares during the last quarter. Finally, State Street Corp grew its position in shares of Quanta Services by 1.6% during the 3rd quarter. State Street Corp now owns 5,748,637 shares of the construction company’s stock valued at $1,713,956,000 after buying an additional 89,975 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the subject of a number of recent research reports. Roth Mkm initiated coverage on shares of Quanta Services in a research report on Friday, February 21st. They set a “buy” rating and a $350.00 price objective for the company. Daiwa Capital Markets cut shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. Daiwa America cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. Citigroup decreased their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Guggenheim initiated coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating for the company. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Quanta Services Trading Down 3.4 %

Quanta Services stock opened at $250.77 on Tuesday. Quanta Services, Inc. has a 12-month low of $227.11 and a 12-month high of $365.88. The stock has a market capitalization of $37.16 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The firm has a 50 day simple moving average of $309.23 and a 200-day simple moving average of $306.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

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

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.