Quanta Services, Inc. (NYSE:PWR) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR) by 9.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,365 shares of the construction company’s stock after selling 138 shares during the period. Lake Street Advisors Group LLC’s holdings in Quanta Services were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cavalier Investments LLC boosted its position in shares of Quanta Services by 3.7% during the fourth quarter. Cavalier Investments LLC now owns 1,348 shares of the construction company’s stock worth $426,000 after buying an additional 48 shares during the period. MorganRosel Wealth Management LLC raised its stake in Quanta Services by 8.7% during the 4th quarter. MorganRosel Wealth Management LLC now owns 4,669 shares of the construction company’s stock valued at $1,476,000 after acquiring an additional 373 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Quanta Services by 58.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 32,971 shares of the construction company’s stock worth $10,420,000 after acquiring an additional 12,112 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Quanta Services by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,024,510 shares of the construction company’s stock worth $323,797,000 after purchasing an additional 45,486 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of Quanta Services by 7.9% during the fourth quarter. Rothschild Investment LLC now owns 463 shares of the construction company’s stock valued at $146,000 after purchasing an additional 34 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

PWR has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Daiwa Capital Markets cut shares of Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Roth Mkm started coverage on Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 price target for the company. Finally, Daiwa America downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Stock Down 3.7 %

PWR stock opened at $258.83 on Friday. 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 market capitalization of $38.36 billion, a P/E ratio of 42.92, a P/E/G ratio of 1.41 and a beta of 1.05. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The company’s 50 day simple moving average is $310.62 and its 200-day simple moving average is $305.40.

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 the consensus estimate of $2.62 by $0.12. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS 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.