Bradley Foster & Sargent Inc. CT Grows Stock Position in Quanta Services, Inc. (NYSE:PWR)

Bradley Foster & Sargent Inc. CT increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 41.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,975 shares of the construction company’s stock after purchasing an additional 22,290 shares during the period. Bradley Foster & Sargent Inc. CT owned approximately 0.05% of Quanta Services worth $24,012,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in Quanta Services by 0.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock worth $1,317,000 after purchasing an additional 29 shares in the last quarter. Commonwealth Financial Services LLC raised its holdings in Quanta Services by 2.6% in the 4th quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock worth $364,000 after purchasing an additional 29 shares during the period. HB Wealth Management LLC lifted its position in shares of Quanta Services by 0.9% during the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock valued at $1,050,000 after buying an additional 31 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in shares of Quanta Services by 0.5% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock worth $1,941,000 after purchasing an additional 32 shares during the last quarter. Finally, Resurgent Financial Advisors LLC boosted its holdings in Quanta Services by 0.7% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company’s stock valued at $1,423,000 after purchasing an additional 33 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Down 3.8 %

Shares of PWR opened at $280.89 on Friday. The firm has a market cap of $41.46 billion, a PE ratio of 51.82, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average is $317.38 and its two-hundred day moving average is $304.97. Quanta Services, Inc. has a fifty-two week low of $206.58 and a fifty-two week high of $365.88.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. Analysts forecast that Quanta Services, Inc. will post 7.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Bank of America began coverage on Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 price target on the stock. Northland Securities restated an “outperform” rating and issued a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Truist Financial reduced their price target on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, BMO Capital Markets started coverage on Quanta Services in a report on Monday, February 3rd. They issued an “outperform” rating and a $338.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $330.50.

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.