Cable Hill Partners LLC Grows Holdings in Quanta Services, Inc. (NYSE:PWR)

Cable Hill Partners LLC grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 813 shares of the construction company’s stock after purchasing an additional 50 shares during the period. Cable Hill Partners LLC’s holdings in Quanta Services were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in Quanta Services by 0.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock valued at $1,317,000 after buying an additional 29 shares during the last quarter. Commonwealth Financial Services LLC boosted its position in Quanta Services by 2.6% in the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock valued at $364,000 after buying an additional 29 shares during the last quarter. HB Wealth Management LLC boosted its position in Quanta Services by 0.9% in the fourth 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 during the last quarter. Moody Lynn & Lieberson LLC boosted its position in Quanta Services by 0.5% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock valued at $1,941,000 after buying an additional 32 shares during the last quarter. Finally, Resurgent Financial Advisors LLC boosted its position in Quanta Services by 0.7% in the third quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company’s stock valued at $1,423,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent research reports. Northland Securities reiterated an “outperform” rating and issued a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. 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 report on Tuesday. Truist Financial lowered their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Bank of America began coverage on Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 price objective on the stock. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Stock Up 1.7 %

NYSE PWR opened at $268.86 on Thursday. The business has a fifty day moving average price of $311.89 and a 200 day moving average price of $305.73. Quanta Services, Inc. has a one year low of $227.11 and a one year 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 company has a market cap of $39.84 billion, a P/E ratio of 44.59, a P/E/G ratio of 1.41 and a beta of 1.05.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data 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 return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Research analysts anticipate 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.