Aberdeen Group plc Raises Position in Quanta Services, Inc. $PWR

Aberdeen Group plc grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 22.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,916 shares of the construction company’s stock after acquiring an additional 24,754 shares during the period. Aberdeen Group plc owned about 0.09% of Quanta Services worth $56,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Petros Family Wealth LLC increased its holdings in Quanta Services by 2.2% during the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after purchasing an additional 24 shares during the period. Ashton Thomas Private Wealth LLC grew its position in shares of Quanta Services by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock worth $851,000 after buying an additional 26 shares in the last quarter. Carr Financial Group Corp increased its stake in shares of Quanta Services by 1.8% during the third quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock worth $610,000 after buying an additional 26 shares during the period. Kathmere Capital Management LLC lifted its stake in Quanta Services by 2.8% in the third quarter. Kathmere Capital Management LLC now owns 961 shares of the construction company’s stock worth $398,000 after acquiring an additional 26 shares during the last quarter. Finally, Westside Investment Management Inc. grew its holdings in Quanta Services by 9.8% during the 3rd quarter. Westside Investment Management Inc. now owns 292 shares of the construction company’s stock worth $122,000 after acquiring an additional 26 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PWR shares. Mizuho set a $415.00 price objective on shares of Quanta Services in a report on Tuesday, October 28th. JPMorgan Chase & Co. upgraded Quanta Services from a “neutral” rating to an “overweight” rating and raised their price target for the company from $457.00 to $515.00 in a research note on Monday, December 8th. Stifel Nicolaus upped their price objective on Quanta Services from $495.00 to $517.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Jefferies Financial Group cut their target price on Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Finally, Argus set a $540.00 target price on Quanta Services 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 stock. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $464.15.

Quanta Services Stock Up 1.5%

Shares of NYSE PWR opened at $523.75 on Monday. The stock has a market cap of $78.10 billion, a PE ratio of 77.59, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $543.28. The business has a 50-day moving average price of $456.82 and a 200 day moving average price of $429.38. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66.

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.