Quanta Services, Inc. (NYSE:PWR) Stock Holdings Raised by Blue Chip Partners LLC

Blue Chip Partners LLC boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 78.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,681 shares of the construction company's stock after buying an additional 24,866 shares during the quarter. Quanta Services accounts for approximately 1.5% of Blue Chip Partners LLC's portfolio, making the stock its 24th largest holding. Blue Chip Partners LLC's holdings in Quanta Services were worth $17,914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning grew its position in shares of Quanta Services by 7.5% in the third quarter. Creative Planning now owns 22,262 shares of the construction company's stock valued at $6,637,000 after purchasing an additional 1,562 shares during the last quarter. Swedbank AB grew its position in shares of Quanta Services by 4.6% in the third quarter. Swedbank AB now owns 960,081 shares of the construction company's stock valued at $286,248,000 after purchasing an additional 42,579 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Quanta Services by 1.0% in the third quarter. Bleakley Financial Group LLC now owns 6,946 shares of the construction company's stock valued at $2,071,000 after purchasing an additional 66 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Quanta Services by 2.7% in the third quarter. Stratos Wealth Partners LTD. now owns 27,720 shares of the construction company's stock valued at $8,265,000 after purchasing an additional 721 shares during the last quarter. Finally, Stratos Wealth Advisors LLC grew its position in shares of Quanta Services by 8.5% in the third quarter. Stratos Wealth Advisors LLC now owns 3,645 shares of the construction company's stock valued at $1,087,000 after purchasing an additional 285 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Down 3.8 %

Shares of NYSE:PWR traded down $11.18 during midday trading on Thursday, hitting $280.89. 3,996,676 shares of the company's stock traded hands, compared to its average volume of 1,537,739. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market cap of $41.46 billion, a PE ratio of 51.82, a P/E/G ratio of 1.44 and a beta of 1.05. The firm's fifty day moving average price is $317.38 and its two-hundred day moving average price is $304.97. Quanta Services, Inc. has a twelve month low of $206.58 and a twelve month high of $365.88.

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 the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. On average, equities research analysts anticipate that Quanta Services, Inc. will post 7.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PWR. Stifel Nicolaus increased their price target on shares of Quanta Services from $374.00 to $388.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Robert W. Baird raised their target price on shares of Quanta Services from $320.00 to $333.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Truist Financial decreased their target price on shares of 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 Capital Markets assumed coverage on shares of Quanta Services in a research report on Friday, December 6th. They set an "outperform" rating and a $355.00 target price on the stock. Finally, Northland Securities restated an "outperform" rating and set a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $330.50.

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.