PFG Advisors Has $1.93 Million Stake in Quanta Services, Inc. (NYSE:PWR)

PFG Advisors grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,098 shares of the construction company’s stock after buying an additional 91 shares during the period. PFG Advisors’ holdings in Quanta Services were worth $1,927,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in shares of Quanta Services by 11.8% during the fourth quarter. HighTower Advisors LLC now owns 110,283 shares of the construction company’s stock worth $34,855,000 after purchasing an additional 11,659 shares during the period. Natural Investments LLC bought a new position in shares of Quanta Services during the fourth quarter worth approximately $216,000. GC Wealth Management RIA LLC increased its stake in shares of Quanta Services by 33.3% during the fourth quarter. GC Wealth Management RIA LLC now owns 980 shares of the construction company’s stock worth $310,000 after purchasing an additional 245 shares during the period. Miller Financial Services LLC bought a new position in shares of Quanta Services during the fourth quarter worth approximately $556,000. Finally, Citizens Financial Group Inc. RI increased its stake in shares of Quanta Services by 52.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 53,622 shares of the construction company’s stock worth $16,947,000 after purchasing an additional 18,415 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Trading Up 1.4 %

Shares of PWR opened at $249.47 on Thursday. 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, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The firm has a market cap of $36.97 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 1.41 and a beta of 1.10. The business’s fifty day moving average is $298.12 and its 200-day moving average is $304.89.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating 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 company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PWR. Daiwa Capital Markets lowered Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Guggenheim began coverage on Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating on the stock. Roth Mkm began coverage on Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 target price on the stock. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $338.00 to $316.00 in a research note on Tuesday, February 25th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.