Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,354 shares of the construction company’s stock after acquiring an additional 1,800 shares during the period. Wellington Shields Capital Management LLC’s holdings in Quanta Services were worth $6,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Swedbank AB raised its stake in Quanta Services by 4.6% during the third quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock valued at $286,248,000 after buying an additional 42,579 shares in the last quarter. Assetmark Inc. lifted its stake in Quanta Services by 7.3% during the third quarter. Assetmark Inc. now owns 5,781 shares of the construction company’s stock worth $1,723,000 after purchasing an additional 392 shares during the last quarter. Versor Investments LP acquired a new position in Quanta Services in the third quarter worth $406,000. Apollon Wealth Management LLC increased its stake in Quanta Services by 2.1% during the third quarter. Apollon Wealth Management LLC now owns 6,072 shares of the construction company’s stock valued at $1,810,000 after purchasing an additional 122 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Quanta Services by 3.7% during the third quarter. Harbour Investments Inc. now owns 4,215 shares of the construction company’s stock worth $1,257,000 after purchasing an additional 150 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $250.65 on Friday. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88. 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 cap of $37.15 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The company’s 50-day moving average price is $296.79 and its two-hundred day moving average price is $304.51.

Quanta Services (NYSE:PWR) last released its 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. The business had revenue of $6.55 billion for 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%. As a group, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PWR. JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Stifel Nicolaus dropped their price target on Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research report on Thursday, February 20th. Guggenheim started coverage on Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating on the stock. Finally, Roth Mkm started coverage on shares of Quanta Services in a research report on Friday, February 21st. They set a “buy” rating and a $350.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.