Quanta Services, Inc. (NYSE:PWR) Stock Holdings Trimmed by Westover Capital Advisors LLC

Westover Capital Advisors LLC lowered its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,398 shares of the construction company’s stock after selling 203 shares during the period. Westover Capital Advisors LLC’s holdings in Quanta Services were worth $1,706,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Webster Bank N. A. raised its stake in Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after acquiring an additional 81 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Quanta Services during the 4th quarter valued at $27,000. Prestige Wealth Management Group LLC acquired a new position in shares of Quanta Services during 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 increased its position in shares of Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after purchasing an additional 91 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 3.4 %

NYSE:PWR opened at $250.77 on Tuesday. The stock’s fifty day moving average price is $309.23 and its two-hundred day moving average price is $306.00. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The company has a market cap of $37.16 billion, a price-to-earnings ratio of 41.59, a P/E/G ratio of 1.41 and a beta of 1.05.

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

Analyst Ratings Changes

PWR has been the topic of several research analyst reports. Bank of America initiated coverage on Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 price target on the stock. Stifel Nicolaus decreased their target price on Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a report on Monday, February 24th. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $338.00 to $316.00 in a report on Tuesday, February 25th. Citigroup decreased their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Daiwa Capital Markets cut Quanta Services from an “outperform” rating to a “neutral” 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus 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.