SRS Capital Advisors Inc. Increases Stake in Quanta Services, Inc. (NYSE:PWR)

SRS Capital Advisors Inc. boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 2,773.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,983 shares of the construction company’s stock after purchasing an additional 1,914 shares during the period. SRS Capital Advisors Inc.’s holdings in Quanta Services were worth $627,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Geneos Wealth Management Inc. increased its stake in Quanta Services by 0.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock worth $1,317,000 after purchasing an additional 29 shares during the period. Commonwealth Financial Services LLC increased its stake in Quanta Services by 2.6% in the 4th quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock worth $364,000 after purchasing an additional 29 shares during the period. HB Wealth Management LLC increased its stake in Quanta Services by 0.9% in the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock worth $1,050,000 after purchasing an additional 31 shares during the period. Moody Lynn & Lieberson LLC increased its stake in Quanta Services by 0.5% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock worth $1,941,000 after purchasing an additional 32 shares during the period. Finally, Resurgent Financial Advisors LLC increased its stake in Quanta Services by 0.7% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company’s stock worth $1,423,000 after purchasing an additional 33 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PWR has been the topic of several research analyst reports. Roth Mkm initiated coverage on Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 target price on the stock. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Bank of America initiated coverage on Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 target price on the stock. Guggenheim initiated coverage on Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating on the stock. Finally, Truist Financial reduced their target price on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Quanta Services Trading Down 3.4 %

Quanta Services stock opened at $250.77 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 business’s fifty day simple moving average is $309.23 and its two-hundred day simple moving average is $306.00. 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 $37.16 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05.

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

Quanta Services Company Profile

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.