Victory Capital Management Inc. Increases Holdings in Quanta Services, Inc. (NYSE:PWR)

Victory Capital Management Inc. boosted its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 375,740 shares of the construction company's stock after buying an additional 37,354 shares during the period. Victory Capital Management Inc. owned approximately 0.25% of Quanta Services worth $118,753,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp grew its position in shares of Quanta Services by 1.6% in the third quarter. State Street Corp now owns 5,748,637 shares of the construction company's stock valued at $1,713,956,000 after purchasing an additional 89,975 shares during the last quarter. Geode Capital Management LLC grew its holdings in Quanta Services by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,459,411 shares of the construction company's stock valued at $1,027,887,000 after buying an additional 46,357 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Quanta Services by 4.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,060,052 shares of the construction company's stock worth $316,055,000 after buying an additional 43,715 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Quanta Services by 4.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,024,510 shares of the construction company's stock worth $323,797,000 after buying an additional 45,486 shares in the last quarter. Finally, Swedbank AB boosted 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 acquiring an additional 42,579 shares during the period. 90.49% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts recently commented on PWR shares. JPMorgan Chase & Co. raised their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Guggenheim started coverage on Quanta Services in a research report on Wednesday, January 8th. They set a "neutral" rating on the stock. Stifel Nicolaus dropped their price objective on Quanta Services from $388.00 to $323.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, Daiwa America lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $326.95.

Quanta Services Price Performance

PWR stock traded up $4.75 during trading on Friday, reaching $245.63. 2,057,576 shares of the company were exchanged, compared to its average volume of 1,752,731. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month 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 company has a market capitalization 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. The company has a 50-day moving average of $301.17 and a two-hundred day moving average of $305.05.

Quanta Services (NYSE:PWR - Get Free Report) last announced its 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. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

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.