Stephens Inc. AR boosted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 41.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,435 shares of the construction company’s stock after acquiring an additional 2,455 shares during the period. Stephens Inc. AR’s holdings in Quanta Services were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CIBC Asset Management Inc boosted its holdings in shares of Quanta Services by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 13,120 shares of the construction company’s stock valued at $432,000 after buying an additional 53 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of Quanta Services by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 31,071 shares of the construction company’s stock valued at $1,023,000 after buying an additional 87 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Quanta Services by 1.0% in the 1st quarter. Mason Street Advisors LLC now owns 20,898 shares of the construction company’s stock valued at $776,000 after buying an additional 214 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Quanta Services by 4.2% in the 2nd quarter. US Bancorp DE now owns 7,641 shares of the construction company’s stock valued at $252,000 after buying an additional 307 shares in the last quarter. Finally, Fagan Associates Inc. boosted its holdings in shares of Quanta Services by 1.1% in the 2nd quarter. Fagan Associates Inc. now owns 41,900 shares of the construction company’s stock valued at $1,379,000 after buying an additional 465 shares in the last quarter. Institutional investors own 88.51% of the company’s stock.

In other Quanta Services news, EVP Randall C. Wisenbaker sold 9,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $35.15, for a total value of $316,350.00. Following the sale, the executive vice president now directly owns 34,797 shares in the company, valued at $1,223,114.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick Wood III sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $34.51, for a total value of $138,040.00. Following the completion of the sale, the director now owns 7,506 shares in the company, valued at $259,032.06. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock worth $597,550 over the last quarter. 0.70% of the stock is currently owned by company insiders.

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Several analysts recently commented on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $46.00 price target on shares of Quanta Services in a research report on Wednesday, July 26th. Robert W. Baird downgraded shares of Quanta Services from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $41.00 to $38.00 in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. FBR & Co upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and upped their price target for the company from $40.00 to $45.00 in a research report on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $41.44.

Quanta Services, Inc. (NYSE PWR) opened at 37.12 on Friday. The firm’s 50-day moving average is $35.47 and its 200-day moving average is $34.41. The stock has a market cap of $5.76 billion, a P/E ratio of 21.10 and a beta of 0.83. Quanta Services, Inc. has a 12 month low of $24.88 and a 12 month high of $38.82.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. Quanta Services had a net margin of 3.21% and a return on equity of 8.36%. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. On average, equities analysts forecast that Quanta Services, Inc. will post $2.03 earnings per share for the current fiscal year.

Quanta Services Profile

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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