PDS Planning Inc Buys 53 Shares of Quanta Services, Inc. (NYSE:PWR)

PDS Planning Inc raised its stake in Quanta Services, Inc. (NYSE:PWR) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 798 shares of the construction company’s stock after acquiring an additional 53 shares during the period. PDS Planning Inc’s holdings in Quanta Services were worth $252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB lifted its stake 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 worth $286,248,000 after buying an additional 42,579 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Quanta Services by 8.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,361 shares of the construction company’s stock worth $406,000 after acquiring an additional 106 shares during the last quarter. Empowered Funds LLC boosted its stake in Quanta Services by 7.4% during the 3rd quarter. Empowered Funds LLC now owns 2,679 shares of the construction company’s stock valued at $799,000 after purchasing an additional 185 shares during the last quarter. MAI Capital Management increased its holdings in shares of Quanta Services by 34.0% in the 3rd quarter. MAI Capital Management now owns 7,160 shares of the construction company’s stock worth $2,135,000 after purchasing an additional 1,816 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in shares of Quanta Services by 27.6% in the third quarter. Meeder Advisory Services Inc. now owns 3,085 shares of the construction company’s stock worth $920,000 after purchasing an additional 667 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on PWR shares. Daiwa Capital Markets downgraded Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. Stifel Nicolaus decreased their price objective on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a report on Monday, February 24th. Truist Financial dropped their target price on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Citigroup decreased their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.79.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $270.90 on Thursday. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 1.41 and a beta of 1.10. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock’s 50-day simple moving average is $291.03 and its 200-day simple moving average is $304.22. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88.

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

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.