Quanta Services, Inc. (NYSE:PWR) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,928 shares of the construction company's stock after selling 3,297 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Quanta Services were worth $3,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PWR. Webster Bank N. A. grew its stake in Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after buying an additional 81 shares during the last quarter. Sierra Ocean LLC purchased a new position in Quanta Services during the 4th quarter worth $27,000. Prestige Wealth Management Group LLC purchased a new position in Quanta Services during the 3rd quarter worth $30,000. Legacy Investment Solutions LLC purchased a new stake in Quanta Services during the 3rd quarter valued at about $31,000. Finally, Sound Income Strategies LLC grew its stake in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after purchasing an additional 91 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

NYSE PWR traded down $11.41 on Friday, hitting $269.75. 3,467,677 shares of the company's stock were exchanged, compared to its average volume of 1,594,487. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. The firm's 50-day moving average price is $316.02 and its two-hundred day moving average price is $305.18. Quanta Services, Inc. has a fifty-two week low of $221.07 and a fifty-two week high of $365.88. The firm has a market cap of $39.82 billion, a price-to-earnings ratio of 49.77, a P/E/G ratio of 1.46 and a beta of 1.05.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. On average, research analysts expect that Quanta Services, Inc. will post 7.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup dropped their price target on Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Guggenheim assumed coverage on Quanta Services in a research note on Wednesday, January 8th. They set a "neutral" rating on the stock. Roth Mkm assumed coverage on Quanta Services in a research note on Friday. They set a "buy" rating and a $350.00 price target on the stock. Truist Financial decreased their price objective on Quanta Services from $399.00 to $398.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, Daiwa America raised Quanta Services to a "strong-buy" rating in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Quanta Services presently has an average rating of "Moderate Buy" and an average price target of $331.53.

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.