Diversified Enterprises LLC Has $785,000 Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Diversified Enterprises LLC lifted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 99.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,484 shares of the construction company’s stock after purchasing an additional 1,238 shares during the quarter. Diversified Enterprises LLC’s holdings in Quanta Services were worth $785,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Webster Bank N. A. grew its holdings in shares of Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Quanta Services in the fourth quarter valued at about $27,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services in the third quarter valued at about $31,000. Prestige Wealth Management Group LLC acquired a new stake in Quanta Services in the third quarter valued at about $30,000. Finally, Sound Income Strategies LLC boosted its stake in Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after buying an additional 91 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Guggenheim started coverage on Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating on the stock. Daiwa Capital Markets lowered Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Roth Mkm started coverage on Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 price target on the stock. Finally, BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and cut their price target for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Six 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 company’s stock. According to MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Trading Up 4.5 %

Shares of Quanta Services stock opened at $261.47 on Friday. The stock has a fifty day simple moving average of $295.49 and a 200 day simple moving average of $304.13. Quanta Services, Inc. has a 12-month low of $227.11 and a 12-month high of $365.88. The company has a market capitalization of $38.75 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. The firm had revenue of $6.55 billion during 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, sell-side analysts anticipate 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.