Quanta Services, Inc. (NYSE:PWR) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,630 shares of the construction company’s stock after purchasing an additional 258 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Quanta Services were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PWR. Swedbank AB raised 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 in the last quarter. Assetmark Inc. increased its holdings in shares of Quanta Services by 7.3% in the 3rd quarter. Assetmark Inc. now owns 5,781 shares of the construction company’s stock valued at $1,723,000 after acquiring an additional 392 shares during the period. Versor Investments LP acquired a new position in shares of Quanta Services in the 3rd quarter valued at $406,000. Harbour Investments Inc. increased its holdings in shares of Quanta Services by 3.7% in the 3rd quarter. Harbour Investments Inc. now owns 4,215 shares of the construction company’s stock valued at $1,257,000 after acquiring an additional 150 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Quanta Services by 8.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,361 shares of the construction company’s stock valued at $406,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of recent research reports. Roth Capital raised shares of Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Daiwa America cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th. Citigroup cut their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted 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. Finally, BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $338.00 to $316.00 in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Quanta Services Trading Up 4.5 %

NYSE:PWR opened at $261.47 on Friday. The company has a market capitalization of $38.75 billion, a PE ratio of 43.36, a price-to-earnings-growth 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. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The stock has a fifty day simple moving average of $295.49 and a 200-day simple moving average of $304.13.

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. The business 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, equities research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal 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.