DJE Kapital AG Purchases Shares of 20,518 Quanta Services, Inc. (NYSE:PWR)

DJE Kapital AG purchased a new stake in Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,518 shares of the construction company’s stock, valued at approximately $6,500,000.

A number of other institutional investors have also recently bought and sold shares of PWR. Swedbank AB lifted its stake in Quanta Services by 4.6% in the third quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock valued at $286,248,000 after buying an additional 42,579 shares in the last quarter. US Bancorp DE raised its holdings in shares of Quanta Services by 2.9% in the third quarter. US Bancorp DE now owns 15,914 shares of the construction company’s stock valued at $4,745,000 after purchasing an additional 456 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Quanta Services by 12.9% in the third quarter. Farther Finance Advisors LLC now owns 1,088 shares of the construction company’s stock valued at $324,000 after purchasing an additional 124 shares during the last quarter. First Interstate Bank acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $225,000. Finally, Princeton Global Asset Management LLC raised its holdings in shares of Quanta Services by 2.3% in the third quarter. Princeton Global Asset Management LLC now owns 32,361 shares of the construction company’s stock valued at $9,648,000 after purchasing an additional 726 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PWR. Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th. JPMorgan Chase & Co. lifted their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Truist Financial lowered their target price on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Roth Mkm started coverage on shares of Quanta Services in a report on Friday, February 21st. They set a “buy” rating and a $350.00 target price on the stock. Finally, Guggenheim started coverage on shares of Quanta Services in a report on Wednesday, January 8th. They set a “neutral” rating on the stock. Six investment 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. According to MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Price Performance

NYSE:PWR opened at $259.32 on Monday. 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 $38.43 billion, a P/E ratio of 43.01, a P/E/G ratio of 1.41 and a beta of 1.05. The firm’s fifty day moving average price is $309.23 and its two-hundred day moving average price is $306.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

Quanta Services (NYSE:PWR) last announced 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. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Equities analysts expect 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.