Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,421 shares of the construction company's stock after purchasing an additional 4,671 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Quanta Services worth $28,578,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its position in shares of 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 worth $1,502,000 after purchasing an additional 2,184 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Quanta Services by 5.6% in the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock valued at $61,932,000 after purchasing an additional 11,012 shares during the period. Synovus Financial Corp boosted its holdings in Quanta Services by 34.0% during the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock worth $2,148,000 after buying an additional 1,830 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Quanta Services by 4.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company's stock worth $5,554,000 after buying an additional 793 shares during the period. Finally, SeaBridge Investment Advisors LLC purchased a new position in Quanta Services in the fourth quarter valued at about $1,754,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

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Quanta Services Trading Down 1.0 %

Shares of NYSE PWR traded down $2.67 on Friday, reaching $268.43. 1,605,086 shares of the company traded hands, compared to its average volume of 1,756,605. The stock has a market capitalization of $39.78 billion, a PE ratio of 44.52, a P/E/G ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a fifty-two week low of $227.11 and a fifty-two week high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $290.21 and a 200 day moving average of $303.99.

Quanta Services (NYSE:PWR - Get Free Report) last issued 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 firm 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%. On average, equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Guggenheim started coverage on Quanta Services in a report on Wednesday, January 8th. They issued a "neutral" rating on the stock. Stifel Nicolaus dropped their price target on Quanta Services from $388.00 to $323.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Citigroup decreased their price objective on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. BMO Capital Markets upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and dropped their target price for the company from $338.00 to $316.00 in a report on Tuesday, February 25th. Finally, Daiwa Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services currently has an average rating of "Moderate Buy" and a consensus price target of $326.79.

Quanta Services 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.