SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Acquires New Shares in Quanta Services, Inc. $PWR

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,342 shares of the construction company’s stock, valued at approximately $3,361,000. Quanta Services accounts for about 2.4% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s holdings, making the stock its 12th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Quanta Services in the fourth quarter valued at approximately $298,000. Woodline Partners LP grew its holdings in shares of Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after buying an additional 3,606 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of Quanta Services in the 2nd quarter valued at $241,000. US Bancorp DE lifted its holdings in Quanta Services by 10.2% during the second quarter. US Bancorp DE now owns 28,326 shares of the construction company’s stock worth $10,710,000 after acquiring an additional 2,620 shares in the last quarter. Finally, Callan Family Office LLC lifted its holdings in Quanta Services by 95.8% during the second quarter. Callan Family Office LLC now owns 2,957 shares of the construction company’s stock worth $1,118,000 after acquiring an additional 1,447 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Up 6.3%

Shares of PWR stock opened at $507.87 on Monday. The firm’s fifty day moving average price is $450.86 and its two-hundred day moving average price is $425.70. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $508.45. 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 $75.73 billion, a P/E ratio of 75.24, a PEG ratio of 2.46 and a beta of 1.15.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on Quanta Services in a research report on Friday, January 23rd. They set an “overweight” rating and a $520.00 price target on the stock. The Goldman Sachs Group set a $495.00 price objective on shares of Quanta Services in a research report on Monday, November 24th. Citigroup boosted their price objective on shares of Quanta Services from $526.00 to $540.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Stifel Nicolaus upped their target price on shares of Quanta Services from $495.00 to $517.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Roth Mkm set a $500.00 price target on Quanta Services and gave the company a “buy” rating in a research note on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $462.00.

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.