Quanta Services, Inc. $PWR Shares Acquired by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. increased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,331 shares of the construction company’s stock after buying an additional 1,875 shares during the quarter. Quanta Services comprises about 5.7% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 3rd largest position. Wilson Asset Management International PTY Ltd.’s holdings in Quanta Services were worth $22,930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Breakwater Capital Group grew its stake in shares of Quanta Services by 6.9% in the 3rd quarter. Breakwater Capital Group now owns 726 shares of the construction company’s stock valued at $301,000 after purchasing an additional 47 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Quanta Services during the third quarter worth $1,311,000. Candriam S.C.A. grew its position in Quanta Services by 8.9% in the 3rd quarter. Candriam S.C.A. now owns 61,361 shares of the construction company’s stock valued at $25,429,000 after buying an additional 5,003 shares during the last quarter. Plato Investment Management Ltd increased its stake in Quanta Services by 3.7% in the 3rd quarter. Plato Investment Management Ltd now owns 3,525 shares of the construction company’s stock valued at $1,450,000 after buying an additional 126 shares during the period. Finally, Quaker Wealth Management LLC raised its position in Quanta Services by 4,000.0% during the 3rd quarter. Quaker Wealth Management LLC now owns 205 shares of the construction company’s stock worth $85,000 after buying an additional 200 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PWR. Cantor Fitzgerald assumed coverage on shares of Quanta Services in a report on Friday, January 23rd. They issued an “overweight” rating and a $520.00 target price on the stock. Evercore boosted their target price on shares of Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Robert W. Baird set a $490.00 price target on shares of Quanta Services in a research note on Friday, October 31st. Mizuho set a $415.00 price objective on shares of Quanta Services in a research note on Tuesday, October 28th. Finally, Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $462.00.

Quanta Services Price Performance

PWR stock opened at $507.87 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. The stock’s 50 day moving average price is $450.86 and its 200 day moving average price is $425.70. The firm has a market cap of $75.73 billion, a P/E ratio of 75.24, a PEG ratio of 2.46 and a beta of 1.15. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $508.45.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.