Quanta Services, Inc. (NYSE:PWR) Shares Purchased by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 8.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,669 shares of the construction company’s stock after acquiring an additional 373 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Quanta Services were worth $1,476,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PWR. Swedbank AB lifted its holdings in Quanta Services by 4.6% during the 3rd quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock worth $286,248,000 after buying an additional 42,579 shares during the last quarter. International Assets Investment Management LLC lifted its position in Quanta Services by 29,655.3% during the 3rd quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock worth $44,269,000 after acquiring an additional 147,980 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Quanta Services by 10.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,349 shares of the construction company’s stock valued at $1,595,000 after purchasing an additional 526 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Quanta Services by 4.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,469 shares of the construction company’s stock worth $6,371,000 after purchasing an additional 957 shares during the period. Finally, Forsta AP Fonden increased its stake in Quanta Services by 11.4% in the 3rd quarter. Forsta AP Fonden now owns 30,200 shares of the construction company’s stock valued at $9,004,000 after buying an additional 3,100 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $259.79 on Tuesday. 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 fifty day moving average price of $314.37 and a two-hundred day moving average price of $305.96. Quanta Services, Inc. has a 1 year low of $227.11 and a 1 year high of $365.88. The firm has a market cap of $38.35 billion, a P/E ratio of 43.08, a PEG ratio of 1.41 and a beta of 1.05.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data 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 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%. Research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PWR. Robert W. Baird boosted their price target on shares of Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Daiwa Capital Markets cut Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday. Bank of America started coverage on Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price on the stock. Citigroup lowered 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 note on Wednesday, January 29th. Finally, Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $326.95.

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.