Charles Schwab Investment Management Inc. Buys 24,100 Shares of Quanta Services, Inc. (NYSE:PWR)

Charles Schwab Investment Management Inc. boosted its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 872,876 shares of the construction company's stock after acquiring an additional 24,100 shares during the period. Charles Schwab Investment Management Inc. owned 0.59% of Quanta Services worth $275,872,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Webster Bank N. A. raised its holdings in Quanta Services by 4,050.0% during the fourth 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 bought a new stake in shares of Quanta Services during the fourth quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services in the 3rd quarter worth about $31,000. Prestige Wealth Management Group LLC bought a new position in Quanta Services in the 3rd quarter valued at about $30,000. Finally, Sound Income Strategies LLC boosted 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. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Performance

NYSE:PWR traded up $4.75 on Friday, reaching $245.63. 2,057,576 shares of the company's stock were exchanged, compared to its average volume of 1,752,731. The stock has a fifty day simple moving average of $301.17 and a 200-day simple moving average of $305.05. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88. 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 firm has a market cap of $36.40 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 1.41 and a beta of 1.10.

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Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data 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 net margin of 3.82% and a return on equity of 18.00%. As a group, sell-side analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PWR. Bank of America started coverage on Quanta Services in a research note on Friday, January 24th. They issued a "buy" rating and a $407.00 price objective for the company. Daiwa America cut Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. Roth Mkm began coverage on shares of Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 target price for the company. Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Finally, Citigroup reduced their price objective on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Quanta Services has an average rating of "Moderate Buy" and a consensus target price of $326.95.

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.