Quanta Services, Inc. $PWR Stock Holdings Increased by Alps Advisors Inc.

Alps Advisors Inc. boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 83.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,247 shares of the construction company’s stock after buying an additional 1,023 shares during the period. Alps Advisors Inc.’s holdings in Quanta Services were worth $931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Quanta Services by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company’s stock worth $6,713,446,000 after buying an additional 339,383 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Quanta Services by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock worth $2,579,259,000 after buying an additional 49,334 shares in the last quarter. State Street Corp boosted its stake in Quanta Services by 0.4% in the second quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock worth $2,271,235,000 after purchasing an additional 24,669 shares in the last quarter. Geode Capital Management LLC grew its holdings in Quanta Services by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company’s stock worth $1,458,362,000 after acquiring an additional 152,823 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after purchasing an additional 882,209 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PWR shares. Argus set a $540.00 price target on Quanta Services in a report on Friday, October 31st. Jefferies Financial Group dropped their price objective on Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Citigroup upped their price target on shares of Quanta Services from $526.00 to $540.00 and gave the company a “buy” rating in a report on Monday, January 26th. Sanford C. Bernstein lowered their price target on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a research note on Friday, December 19th. Finally, Roth Mkm set a $500.00 target price on Quanta Services and gave the company a “buy” rating in a research report on Friday, October 31st. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

Quanta Services Stock Performance

NYSE PWR opened at $523.53 on Thursday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $534.50. The firm’s 50 day simple moving average is $454.54 and its 200 day simple moving average is $427.75. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $78.07 billion, a price-to-earnings ratio of 77.56, a P/E/G ratio of 2.47 and a beta of 1.15.

Quanta Services Profile

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.