Quanta Services, Inc. (NYSE:PWR) Stake Trimmed by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC lowered its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 58.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,053 shares of the construction company's stock after selling 1,459 shares during the period. Legacy Capital Wealth Partners LLC's holdings in Quanta Services were worth $333,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in Quanta Services by 0.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company's stock worth $1,317,000 after buying an additional 29 shares during the period. Commonwealth Financial Services LLC lifted its stake in shares of Quanta Services by 2.6% in the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company's stock worth $364,000 after acquiring an additional 29 shares in the last quarter. HB Wealth Management LLC boosted its holdings 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 purchasing an additional 31 shares during the last quarter. Moody Lynn & Lieberson LLC grew its stake in Quanta Services by 0.5% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company's stock valued at $1,941,000 after purchasing an additional 32 shares in the last quarter. Finally, Resurgent Financial Advisors LLC increased its holdings in Quanta Services by 0.7% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company's stock worth $1,423,000 after purchasing an additional 33 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PWR. Stifel Nicolaus increased their target price on Quanta Services from $374.00 to $388.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. BMO Capital Markets started coverage on shares of Quanta Services in a report on Monday, February 3rd. They set an "outperform" rating and a $338.00 price objective for the company. Daiwa Capital Markets began coverage on shares of Quanta Services in a research note on Friday, December 6th. They issued an "outperform" rating and a $355.00 target price on the stock. Northland Securities reissued an "outperform" rating and issued a $328.00 price objective (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Finally, Citigroup reduced their target price on Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Four 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 stock. According to MarketBeat.com, Quanta Services currently has an average rating of "Moderate Buy" and an average target price of $330.50.

Quanta Services Stock Performance

Quanta Services stock traded down $11.18 during midday trading on Thursday, reaching $280.89. 3,996,676 shares of the stock traded hands, compared to its average volume of 1,537,739. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a fifty-two week low of $206.58 and a fifty-two week high of $365.88. The firm has a fifty day moving average price of $318.48 and a two-hundred day moving average price of $305.14. The firm has a market cap of $41.46 billion, a price-to-earnings ratio of 51.82, a PEG ratio of 1.44 and a beta of 1.05.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) 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 forecast that Quanta Services, Inc. will post 7.91 earnings per share for the current 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.