Quanta Services, Inc. (NYSE:PWR) Shares Sold by Ieq Capital LLC

Ieq Capital LLC cut its stake in Quanta Services, Inc. (NYSE:PWR) by 85.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,735 shares of the construction company’s stock after selling 10,549 shares during the period. Ieq Capital LLC’s holdings in Quanta Services were worth $548,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Webster Bank N. A. raised its stake in shares of Quanta Services by 4,050.0% during 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 during the period. Sierra Ocean LLC bought a new stake in shares of Quanta Services in the fourth quarter worth $27,000. Prestige Wealth Management Group LLC bought a new stake in shares of Quanta Services in the third quarter worth $30,000. Legacy Investment Solutions LLC acquired a new position in Quanta Services in the third quarter worth $31,000. Finally, Sound Income Strategies LLC boosted its holdings in Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

PWR has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target 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. Robert W. Baird boosted their price objective on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus cut their price objective on Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a report on Monday. Northland Securities reaffirmed an “outperform” rating and set a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Finally, Bank of America assumed coverage on Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $326.95.

Quanta Services Stock Up 1.7 %

Shares of PWR stock opened at $268.86 on Thursday. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88. The firm has a market cap of $39.84 billion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The stock has a 50 day moving average of $311.89 and a 200-day moving average of $305.73. 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 (NYSE:PWR) last issued its earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. On average, equities analysts predict 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.