Quanta Services, Inc. (NYSE:PWR) Holdings Lifted by Ninepoint Partners LP

Ninepoint Partners LP grew its position in Quanta Services, Inc. (NYSE:PWR) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,412 shares of the construction company’s stock after purchasing an additional 74 shares during the period. Ninepoint Partners LP’s holdings in Quanta Services were worth $2,027,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PWR. Raymond James Financial Inc. bought a new position in Quanta Services in the 4th quarter worth about $203,068,000. Alkeon Capital Management LLC grew its position in Quanta Services by 62.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after purchasing an additional 250,000 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Quanta Services in the 4th quarter worth about $53,949,000. Union Bancaire Privee UBP SA bought a new position in Quanta Services in the 4th quarter worth about $46,364,000. Finally, Public Sector Pension Investment Board lifted its stake in shares of Quanta Services by 81.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock worth $83,210,000 after acquiring an additional 125,530 shares during the period. Institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Daiwa Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Daiwa America lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Stifel Nicolaus reduced their price target on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Roth Mkm assumed coverage on shares of Quanta Services in a research note on Friday, February 21st. They issued a “buy” rating and a $350.00 price target for the company. Finally, Roth Capital raised shares of Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $326.95.

Quanta Services Stock Up 4.5 %

PWR stock opened at $261.47 on Friday. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The company’s 50 day simple moving average is $294.19 and its 200-day simple moving average is $304.30. 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 capitalization of $38.75 billion, a P/E ratio of 43.36, a P/E/G ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current 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.