Charles Schwab Investment Management Inc. Has $275.87 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Charles Schwab Investment Management Inc. increased its stake in Quanta Services, Inc. (NYSE:PWR) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 872,876 shares of the construction company’s stock after purchasing an additional 24,100 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.59% of Quanta Services worth $275,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PWR. Steward Partners Investment Advisory LLC lifted its position in Quanta Services by 1.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,968 shares of the construction company’s stock worth $3,150,000 after buying an additional 108 shares in the last quarter. Unified Investment Management acquired a new stake in shares of Quanta Services in the fourth quarter valued at about $649,000. Schechter Investment Advisors LLC raised its holdings in Quanta Services by 4.2% during the fourth quarter. Schechter Investment Advisors LLC now owns 1,445 shares of the construction company’s stock worth $457,000 after acquiring an additional 58 shares in the last quarter. DJE Kapital AG acquired a new position in Quanta Services during the fourth quarter valued at approximately $6,500,000. Finally, SBI Securities Co. Ltd. bought a new position in Quanta Services in the fourth quarter valued at approximately $227,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock opened at $253.20 on Thursday. Quanta Services, Inc. has a fifty-two week low of $227.11 and a fifty-two week high of $365.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The stock has a market cap of $37.52 billion, a P/E ratio of 41.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The firm’s fifty day moving average price is $306.07 and its 200-day moving average price is $305.76.

Quanta Services (NYSE:PWR) last issued 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. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. On average, equities research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PWR. Daiwa America lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. Bank of America initiated coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price on the stock. Stifel Nicolaus reduced their price target on Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a report on Monday, February 24th. Truist Financial dropped their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Roth Mkm initiated coverage on Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 target price for the company. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $326.95.

Quanta Services 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.