Pinion Investment Advisors LLC Raises Stock Position in Quanta Services, Inc. (NYSE:PWR)

Pinion Investment Advisors LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,534 shares of the construction company’s stock after buying an additional 40 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Quanta Services were worth $485,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PWR. Geneos Wealth Management Inc. boosted its position in shares of Quanta Services by 0.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock valued at $1,317,000 after acquiring an additional 29 shares during the last quarter. Commonwealth Financial Services LLC lifted its position in Quanta Services by 2.6% during the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock valued at $364,000 after purchasing an additional 29 shares during the last quarter. HB Wealth Management LLC grew its stake in Quanta Services by 0.9% in the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock worth $1,050,000 after buying an additional 31 shares in the last quarter. Moody Lynn & Lieberson LLC increased its holdings in shares of Quanta Services by 0.5% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock worth $1,941,000 after buying an additional 32 shares during the last quarter. Finally, Resurgent Financial Advisors LLC raised its position in Quanta Services by 0.7% during the third quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company’s stock valued at $1,423,000 after purchasing an additional 33 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Down 3.4 %

Quanta Services stock opened at $250.77 on Tuesday. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88. The stock has a fifty day simple moving average of $309.23 and a two-hundred day simple moving average of $306.00. The firm has a market cap of $37.16 billion, a price-to-earnings ratio of 41.59, a PEG ratio of 1.41 and a beta of 1.05. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PWR. JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Truist Financial lowered their price target on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Roth Capital raised shares of Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Citigroup lowered their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Stifel Nicolaus lowered their price objective on Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $326.95.

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.