Pinion Investment Advisors LLC Has $485,000 Stock Position in Quanta Services, Inc. (NYSE:PWR)

Pinion Investment Advisors LLC boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,534 shares of the construction company’s stock after purchasing an additional 40 shares during the period. Pinion Investment Advisors LLC’s holdings in Quanta Services were worth $485,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PWR. Guggenheim started coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating for the company. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research report on Thursday, February 20th. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $338.00 to $316.00 in a research report on Tuesday, February 25th. Truist Financial cut their price objective on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Daiwa Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Stock Performance

Shares of PWR stock opened at $250.77 on Tuesday. 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 firm has a 50-day moving average of $309.23 and a 200-day moving average of $306.00. Quanta Services, Inc. has a one year low of $227.11 and a one year high of $365.88. The company has a market cap of $37.16 billion, a P/E ratio of 41.59, a P/E/G ratio of 1.41 and a beta of 1.05.

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%. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS 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.