Quanta Services, Inc. (NYSE:PWR) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. decreased its holdings in Quanta Services, Inc. (NYSE:PWR) by 25.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,298 shares of the construction company’s stock after selling 17,728 shares during the quarter. Quanta Services accounts for about 1.9% of Bruni J V & Co. Co.’s holdings, making the stock its 22nd largest holding. Bruni J V & Co. Co.’s holdings in Quanta Services were worth $16,845,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PWR. Alkeon Capital Management LLC raised its holdings in shares of Quanta Services by 62.5% during the third quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock valued at $193,798,000 after acquiring an additional 250,000 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Quanta Services during the fourth quarter valued at approximately $53,949,000. Union Bancaire Privee UBP SA acquired a new position in shares of Quanta Services during the fourth quarter valued at approximately $46,364,000. Public Sector Pension Investment Board raised its holdings in shares of Quanta Services by 81.7% during 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 last quarter. Finally, State Street Corp raised its holdings in shares of Quanta Services by 1.6% during the third quarter. State Street Corp now owns 5,748,637 shares of the construction company’s stock valued at $1,713,956,000 after acquiring an additional 89,975 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PWR. Truist Financial reduced their target price on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their price target on 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 for the company in a research report on Monday, February 24th. Robert W. Baird upped their price target on Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Northland Securities restated an “outperform” rating and issued a $328.00 price target (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

Quanta Services Trading Up 0.0 %

Shares of Quanta Services stock opened at $259.32 on Friday. The firm has a market capitalization of $38.43 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 1.41 and a beta of 1.05. Quanta Services, Inc. has a fifty-two week low of $227.11 and a fifty-two week high of $365.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The stock has a 50 day moving average of $310.62 and a 200 day moving average of $305.40.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. As a group, research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

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.