1,100 Shares in Quanta Services, Inc. (NYSE:PWR) Bought by Oak Grove Capital LLC

Oak Grove Capital LLC purchased a new stake in Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,100 shares of the construction company’s stock, valued at approximately $348,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versor Investments LP acquired a new position in Quanta Services during the 3rd quarter worth approximately $406,000. Kestra Private Wealth Services LLC boosted its holdings in Quanta Services by 85.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company’s stock worth $1,502,000 after purchasing an additional 2,184 shares during the last quarter. Principal Financial Group Inc. grew its position in Quanta Services by 5.6% in the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock valued at $61,932,000 after purchasing an additional 11,012 shares in the last quarter. Synovus Financial Corp increased its stake in Quanta Services by 34.0% in the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock valued at $2,148,000 after buying an additional 1,830 shares during the last quarter. Finally, Waverton Investment Management Ltd lifted its position in Quanta Services by 6.5% during the 3rd quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company’s stock worth $12,509,000 after buying an additional 2,557 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PWR shares. Bank of America assumed coverage on Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price on the stock. Stifel Nicolaus lowered their price target on Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $338.00 to $316.00 in a report on Tuesday, February 25th. Roth Capital upgraded shares of Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Finally, Roth Mkm started coverage on shares of Quanta Services in a research note on Friday, February 21st. They issued a “buy” rating and a $350.00 price target for the company. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $326.95.

Quanta Services Trading Down 0.7 %

Shares of NYSE:PWR opened at $249.27 on Wednesday. The stock has a market cap of $36.94 billion, a PE ratio of 41.34, a P/E/G ratio of 1.41 and a beta of 1.05. 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, Inc. has a 12-month low of $227.11 and a 12-month high of $365.88. The business has a 50 day moving average of $307.70 and a 200-day moving average of $305.88.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. As a group, equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share 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.