Williamson Legacy Group LLC Acquires Shares of 2,223 Quanta Services, Inc. (NYSE:PWR)

Williamson Legacy Group LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,223 shares of the construction company’s stock, valued at approximately $703,000.

Other institutional investors have also added to or reduced their stakes in the company. Webster Bank N. A. raised its position in Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC acquired a new position in Quanta Services during the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new position in Quanta Services during the third quarter valued at approximately $31,000. Prestige Wealth Management Group LLC bought a new stake in shares of Quanta Services during the third quarter worth $30,000. Finally, Sound Income Strategies LLC grew its stake in shares of 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 buying an additional 91 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of PWR opened at $259.32 on Friday. 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 has a market capitalization of $38.43 billion, a P/E ratio of 43.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The firm’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 12 month low of $227.11 and a 12 month high of $365.88.

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

Analysts Set New Price Targets

A number of analysts have weighed in on PWR shares. Roth Mkm started coverage on shares of Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 target price on the stock. Truist Financial decreased their target price on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Daiwa Capital Markets cut shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus decreased their target price on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Daiwa America cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

About Quanta Services

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.