Stack Financial Management Inc Has $58.57 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Stack Financial Management Inc trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,325 shares of the construction company’s stock after selling 3,099 shares during the period. Quanta Services comprises approximately 5.4% of Stack Financial Management Inc’s investment portfolio, making the stock its 3rd biggest position. Stack Financial Management Inc’s holdings in Quanta Services were worth $58,572,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PWR. Webster Bank N. A. increased its stake in shares of Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after buying an additional 81 shares during the period. Sierra Ocean LLC bought a new stake in Quanta Services in the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services during the 3rd quarter valued at approximately $31,000. Prestige Wealth Management Group LLC bought a new position in Quanta Services during the 3rd quarter worth approximately $30,000. Finally, Sound Income Strategies LLC lifted its position in shares of Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares during the period. 90.49% of the stock is owned by institutional investors.

Quanta Services Trading Down 3.6 %

Shares of Quanta Services stock opened at $259.79 on Tuesday. The firm has a market cap of $38.35 billion, a PE ratio of 43.08, a P/E/G ratio of 1.41 and a beta of 1.05. Quanta Services, Inc. has a 1 year low of $227.11 and a 1 year high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The stock has a fifty day moving average price of $314.37 and a 200-day moving average price of $305.96.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share 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 analyst estimates of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PWR shares. Daiwa Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday. Northland Securities reissued an “outperform” rating and issued a $328.00 price objective (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Roth Mkm started coverage on Quanta Services in a research report on Friday. They set a “buy” rating and a $350.00 target price on the stock. Robert W. Baird lifted their target price on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price target on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $328.11.

Quanta Services Company 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.