Prudent Man Advisors LLC Sells 156 Shares of Quanta Services, Inc. (NYSE:PWR)

Prudent Man Advisors LLC cut its holdings in Quanta Services, Inc. (NYSE:PWR) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,614 shares of the construction company’s stock after selling 156 shares during the period. Prudent Man Advisors LLC’s holdings in Quanta Services were worth $826,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Webster Bank N. A. increased its holdings in Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth approximately $27,000. Prestige Wealth Management Group LLC bought a new stake in shares of Quanta Services in the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in shares of Quanta Services during the 3rd quarter valued at $31,000. Finally, Sound Income Strategies LLC boosted its stake in Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after acquiring an additional 91 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.0 %

PWR stock opened at $259.32 on Friday. The stock has a market cap of $38.43 billion, a P/E ratio of 43.01, a P/E/G ratio of 1.41 and a beta of 1.05. 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 stock’s fifty day simple moving average is $310.62 and its two-hundred day simple moving average is $305.40. Quanta Services, Inc. has a 1-year low of $227.11 and a 1-year high of $365.88.

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

Analyst Upgrades and Downgrades

PWR has been the topic of several research reports. Citigroup dropped their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $338.00 to $316.00 in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Stifel Nicolaus decreased 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, Bank of America began coverage on Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price on the stock. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

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.