AMJ Financial Wealth Management Has $8.34 Million Holdings in Quanta Services, Inc. (NYSE:PWR)

AMJ Financial Wealth Management trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,390 shares of the construction company’s stock after selling 653 shares during the period. Quanta Services accounts for about 2.3% of AMJ Financial Wealth Management’s holdings, making the stock its 19th largest position. AMJ Financial Wealth Management’s holdings in Quanta Services were worth $8,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Webster Bank N. A. raised its stake in shares of Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC bought a new stake in Quanta Services in the 4th quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Quanta Services in the 3rd quarter valued at $31,000. Prestige Wealth Management Group LLC bought a new position in shares of Quanta Services during the 3rd quarter worth about $30,000. Finally, Sound Income Strategies LLC boosted its position in shares of Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 3.4 %

NYSE:PWR opened at $250.77 on Tuesday. The company has a market cap of $37.16 billion, a price-to-earnings ratio of 41.59, a P/E/G ratio of 1.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The stock’s fifty day moving average price is $309.23 and its two-hundred day moving average price is $306.00. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88.

Quanta Services (NYSE:PWR) last issued its quarterly 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 business 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%. On average, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analysts Set New Price Targets

PWR has been the subject of several recent research reports. Daiwa Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. Daiwa America downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. Roth Mkm started coverage on Quanta Services in a research report on Friday, February 21st. They issued a “buy” rating and a $350.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Citigroup lowered their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.