Natixis Advisors LLC Buys 4,671 Shares of Quanta Services, Inc. (NYSE:PWR)

Natixis Advisors LLC raised its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,421 shares of the construction company’s stock after purchasing an additional 4,671 shares during the period. Natixis Advisors LLC owned 0.06% of Quanta Services worth $28,578,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PWR. Swedbank AB raised its position in Quanta Services by 4.6% during the 3rd quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock worth $286,248,000 after purchasing an additional 42,579 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Quanta Services by 8.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,361 shares of the construction company’s stock worth $406,000 after acquiring an additional 106 shares in the last quarter. KBC Group NV raised its position in shares of Quanta Services by 13.4% in the 3rd quarter. KBC Group NV now owns 13,094 shares of the construction company’s stock worth $3,904,000 after acquiring an additional 1,547 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Quanta Services by 8.9% in the 3rd quarter. CIBC Asset Management Inc now owns 21,412 shares of the construction company’s stock worth $6,384,000 after acquiring an additional 1,742 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Quanta Services by 7.4% in the 3rd quarter. Empowered Funds LLC now owns 2,679 shares of the construction company’s stock worth $799,000 after acquiring an additional 185 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

Shares of PWR opened at $267.54 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $292.98 and a 200 day moving average of $304.54. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88. The company has a market capitalization of $39.65 billion, a price-to-earnings ratio of 44.37, a PEG ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. 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 price objective for the company. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Citigroup cut their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Stifel Nicolaus decreased their price target 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. Finally, Truist Financial reduced their price objective on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Six 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

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.