Capital Planning Advisors LLC Takes Position in Quanta Services, Inc. $PWR

Capital Planning Advisors LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,990 shares of the construction company’s stock, valued at approximately $825,000.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in Quanta Services during the 4th quarter valued at $298,000. Woodline Partners LP grew its holdings in 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 in the last quarter. Private Trust Co. NA increased its position in Quanta Services by 29.4% during the 2nd quarter. Private Trust Co. NA now owns 946 shares of the construction company’s stock worth $358,000 after buying an additional 215 shares during the period. Quotient Wealth Partners LLC lifted its holdings in shares of Quanta Services by 5.9% during the second quarter. Quotient Wealth Partners LLC now owns 1,290 shares of the construction company’s stock worth $488,000 after buying an additional 72 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Quanta Services during the second quarter worth about $763,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PWR shares. Citigroup lifted their price target 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. The Goldman Sachs Group set a $495.00 price target on shares of Quanta Services in a research report on Monday, November 24th. Sanford C. Bernstein lifted their price objective on shares of Quanta Services from $428.00 to $471.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Cantor Fitzgerald began coverage on Quanta Services in a research note on Friday, January 23rd. They set an “overweight” rating and a $520.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded Quanta Services from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $457.00 to $515.00 in a research note on Monday, December 8th. Thirteen 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.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $464.15.

Quanta Services Stock Up 1.5%

Shares of NYSE:PWR opened at $523.75 on Monday. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $543.28. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. The company has a fifty day moving average of $456.82 and a 200-day moving average of $429.38.

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.