Paragon Private Wealth Management LLC Boosts Stock Position in Quanta Services, Inc. (NYSE:PWR)

Paragon Private Wealth Management LLC lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 19.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,342 shares of the construction company’s stock after acquiring an additional 221 shares during the period. Paragon Private Wealth Management LLC’s holdings in Quanta Services were worth $424,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Tower Wealth Partners Inc. lifted its holdings in shares of Quanta Services by 3.8% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,165 shares of the construction company’s stock worth $368,000 after purchasing an additional 43 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Quanta Services by 6.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 72,153 shares of the construction company’s stock worth $22,804,000 after buying an additional 4,631 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Quanta Services by 14.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 263,138 shares of the construction company’s stock worth $83,165,000 after buying an additional 32,993 shares during the period. Simplicity Wealth LLC raised its stake in shares of Quanta Services by 28.1% during the 4th quarter. Simplicity Wealth LLC now owns 908 shares of the construction company’s stock worth $287,000 after buying an additional 199 shares during the period. Finally, Amundi raised its stake in shares of Quanta Services by 7.1% during the 4th quarter. Amundi now owns 418,498 shares of the construction company’s stock worth $130,655,000 after buying an additional 27,753 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PWR shares. Bank of America initiated coverage on Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 target price for the company. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $338.00 to $316.00 in a report on Tuesday, February 25th. Roth Mkm initiated coverage on Quanta Services in a research note on Friday, February 21st. They issued a “buy” rating and a $350.00 price target on the stock. Guggenheim initiated coverage on Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating on the stock. Finally, Daiwa Capital Markets lowered Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Trading Up 2.0 %

NYSE:PWR opened at $245.63 on Monday. The stock’s 50 day moving average price is $301.17 and its 200 day moving average price is $305.31. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The company has a market capitalization of $36.40 billion, a PE ratio of 40.73, a P/E/G 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 (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS 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 analysts’ expectations of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. On average, research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

About Quanta Services

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.