Proficio Capital Partners LLC purchased a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 170,698 shares of the construction company's stock, valued at approximately $53,949,000. Quanta Services accounts for about 0.7% of Proficio Capital Partners LLC's investment portfolio, making the stock its 20th biggest holding. Proficio Capital Partners LLC owned about 0.12% of Quanta Services at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Versor Investments LP acquired a new stake in Quanta Services in the 3rd quarter valued at $406,000. Kestra Private Wealth Services LLC lifted its stake in Quanta Services by 85.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock valued at $1,502,000 after acquiring an additional 2,184 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Quanta Services by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock valued at $61,932,000 after acquiring an additional 11,012 shares in the last quarter. Synovus Financial Corp lifted its stake in Quanta Services by 34.0% during the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock valued at $2,148,000 after acquiring an additional 1,830 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Quanta Services by 4.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company's stock valued at $5,554,000 after acquiring an additional 793 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.
Quanta Services Price Performance
PWR stock traded up $11.18 during mid-day trading on Friday, reaching $261.47. 2,080,049 shares of the company traded hands, compared to its average volume of 1,792,142. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The company has a market capitalization of $38.75 billion, a P/E ratio of 43.36, a P/E/G ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The company has a fifty day moving average price of $294.19 and a 200-day moving average price of $304.56.
Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.12. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. As a group, analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have weighed in on PWR shares. Stifel Nicolaus dropped their price objective on Quanta Services from $388.00 to $323.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. raised their price objective on Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Bank of America initiated coverage on Quanta Services in a research note on Friday, January 24th. They set a "buy" rating and a $407.00 target price on the stock. Finally, Truist Financial lowered their target price 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. 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. Based on data from MarketBeat, Quanta Services has a consensus rating of "Moderate Buy" and a consensus price target of $326.95.
Get Our Latest Stock Analysis on Quanta Services
About Quanta Services
(
Free Report)
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.
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