Laffer Tengler Investments Inc. Has $4.29 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Laffer Tengler Investments Inc. raised its position in Quanta Services, Inc. (NYSE:PWR) by 15.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,577 shares of the construction company’s stock after purchasing an additional 1,791 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in Quanta Services were worth $4,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swedbank AB grew its holdings in Quanta Services by 4.6% during the third quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock worth $286,248,000 after purchasing an additional 42,579 shares during the period. US Bancorp DE lifted its position in shares of Quanta Services by 2.9% in the third quarter. US Bancorp DE now owns 15,914 shares of the construction company’s stock valued at $4,745,000 after buying an additional 456 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Quanta Services by 12.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,088 shares of the construction company’s stock worth $324,000 after acquiring an additional 124 shares during the period. Van ECK Associates Corp increased its holdings in shares of Quanta Services by 8,786.6% during the 3rd quarter. Van ECK Associates Corp now owns 29,948 shares of the construction company’s stock worth $9,183,000 after acquiring an additional 29,611 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Quanta Services by 15.0% in the 3rd quarter. QRG Capital Management Inc. now owns 12,512 shares of the construction company’s stock valued at $3,730,000 after acquiring an additional 1,636 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $249.27 on Wednesday. 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 $36.94 billion, a PE ratio of 41.34, a PEG ratio of 1.41 and a beta of 1.05. The firm has a 50 day moving average of $307.70 and a 200-day moving average of $305.88. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88.

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

Analysts Set New Price Targets

PWR has been the topic of several research reports. Roth Capital upgraded shares of Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Citigroup decreased their price target on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus cut their price objective on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Daiwa America downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. Finally, 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 report on Tuesday, February 25th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average price target 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.