Tower View Wealth Management LLC Has $5.29 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Tower View Wealth Management LLC boosted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,742 shares of the construction company’s stock after buying an additional 63 shares during the period. Quanta Services makes up approximately 2.8% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Tower View Wealth Management LLC’s holdings in Quanta Services were worth $5,291,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Metis Global Partners LLC grew its stake in Quanta Services by 2.1% during the fourth quarter. Metis Global Partners LLC now owns 5,992 shares of the construction company’s stock worth $1,894,000 after buying an additional 121 shares in the last quarter. Williamson Legacy Group LLC acquired a new stake in shares of Quanta Services in the 4th quarter valued at approximately $703,000. US Bancorp DE boosted its stake in shares of Quanta Services by 12.6% in the 4th quarter. US Bancorp DE now owns 17,917 shares of the construction company’s stock valued at $5,663,000 after purchasing an additional 2,003 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Quanta Services by 40.1% in the 4th quarter. Fisher Asset Management LLC now owns 989 shares of the construction company’s stock valued at $313,000 after purchasing an additional 283 shares in the last quarter. Finally, Maripau Wealth Management LLC acquired a new stake in shares of Quanta Services in the 4th quarter valued at approximately $376,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PWR shares. JPMorgan Chase & Co. raised their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Roth Mkm started 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 on the stock. Guggenheim started coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating on the stock. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Finally, Bank of America began coverage on shares of Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 target price on the stock. Six equities research 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 stock. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

Quanta Services Stock Up 0.0 %

Quanta Services stock opened at $259.32 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The firm has a 50 day moving average price of $309.23 and a two-hundred day moving average price of $305.40. The firm has a market cap of $38.43 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 1.41 and a beta of 1.05.

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, topping 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 firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. Equities analysts predict 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.