Lyell Wealth Management LP Purchases 1,431 Shares of Quanta Services, Inc. $PWR

Lyell Wealth Management LP grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,002 shares of the construction company’s stock after buying an additional 1,431 shares during the quarter. Lyell Wealth Management LP’s holdings in Quanta Services were worth $15,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new position in Quanta Services in the second quarter worth $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Quanta Services by 57.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after buying an additional 882,209 shares during the last quarter. Select Equity Group L.P. grew its position in Quanta Services by 69.3% during the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after buying an additional 416,395 shares during the period. Vanguard Group Inc. grew its position in shares of Quanta Services by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company’s stock valued at $6,713,446,000 after acquiring an additional 339,383 shares during the period. Finally, DAVENPORT & Co LLC bought a new stake in shares of Quanta Services in the 3rd quarter worth approximately $97,080,000. 90.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PWR shares. Argus set a $540.00 price objective on Quanta Services in a report on Friday, October 31st. JPMorgan Chase & Co. upgraded Quanta Services from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $457.00 to $515.00 in a research note on Monday, December 8th. Cantor Fitzgerald assumed coverage on Quanta Services in a research note on Friday, January 23rd. They issued an “overweight” rating and a $520.00 price objective on the stock. Robert W. Baird set a $490.00 target price on shares of Quanta Services in a research report on Friday, October 31st. Finally, The Goldman Sachs Group set a $495.00 price target on shares of Quanta Services in a research report on Monday, November 24th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $462.00.

Quanta Services Stock Performance

Quanta Services stock opened at $523.75 on Friday. The firm’s 50 day simple moving average is $456.82 and its 200 day simple moving average is $429.14. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $543.28. The firm has a market capitalization of $78.10 billion, a PE ratio of 77.59, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15.

Quanta Services Company 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.