Quanta Services, Inc. (NYSE:PWR) Stock Holdings Lifted by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC lifted its holdings in Quanta Services, Inc. (NYSE:PWR) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,354 shares of the construction company’s stock after buying an additional 1,800 shares during the period. Wellington Shields Capital Management LLC’s holdings in Quanta Services were worth $6,749,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PWR. Webster Bank N. A. increased its holdings in shares of Quanta Services by 4,050.0% in the 4th 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 acquired a new position in Quanta Services in the 4th quarter valued at approximately $27,000. Prestige Wealth Management Group LLC purchased a new stake in Quanta Services in the 3rd quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services during the 3rd quarter valued at $31,000. Finally, Sound Income Strategies LLC grew its stake in Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.6 %

Shares of PWR opened at $250.65 on Friday. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88. The stock has a market cap of $37.15 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 1.41 and a beta of 1.10. The company has a 50-day moving average price of $296.79 and a two-hundred day moving average price of $304.51. 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, 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%. Equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on PWR shares. JPMorgan Chase & Co. boosted their target price on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Stifel Nicolaus reduced their price objective on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Guggenheim assumed coverage on Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating for the company. Finally, BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $338.00 to $316.00 in a research report on Tuesday, February 25th. Six equities research 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 stock. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus 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.