Aspen Investment Management Inc Has $523,000 Holdings in Quanta Services, Inc. (NYSE:PWR)

Aspen Investment Management Inc boosted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 3.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,654 shares of the construction company’s stock after acquiring an additional 60 shares during the period. Aspen Investment Management Inc’s holdings in Quanta Services were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Alkeon Capital Management LLC lifted its position in shares of Quanta Services by 62.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after purchasing an additional 250,000 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Quanta Services in the 4th quarter worth approximately $46,364,000. International Assets Investment Management LLC lifted its holdings in shares of Quanta Services by 29,655.3% during the third quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock worth $44,269,000 after buying an additional 147,980 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of Quanta Services by 81.7% in the third quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after acquiring an additional 125,530 shares during the period. Finally, Meitav Investment House Ltd. acquired a new stake in shares of Quanta Services in the third quarter worth $27,430,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Down 3.8 %

Shares of PWR stock opened at $280.89 on Friday. The company has a market capitalization of $41.46 billion, a P/E ratio of 51.82, a P/E/G ratio of 1.46 and a beta of 1.05. Quanta Services, Inc. has a 12-month low of $206.58 and a 12-month high of $365.88. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $317.38 and a 200 day moving average price of $304.97.

Quanta Services (NYSE:PWR) last posted its earnings results 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. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. Research analysts forecast that Quanta Services, Inc. will post 7.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Guggenheim assumed coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating for the company. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. BMO Capital Markets started coverage on Quanta Services in a research report on Monday, February 3rd. They set an “outperform” rating and a $338.00 target price on the stock. Bank of America started coverage on Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. Finally, Robert W. Baird lifted their price objective on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $330.50.

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.