Candriam S.C.A. Boosts Stake in Quanta Services, Inc. $PWR

Candriam S.C.A. lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,361 shares of the construction company’s stock after buying an additional 5,003 shares during the period. Candriam S.C.A.’s holdings in Quanta Services were worth $25,429,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management raised its holdings in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares during the last quarter. Copia Wealth Management boosted its holdings in Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Quanta Services in the 2nd quarter worth approximately $26,000. Cornerstone Planning Group LLC raised its stake in Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares during the last quarter. Finally, Solstein Capital LLC lifted its holdings in shares of Quanta Services by 185.7% during the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Sanford C. Bernstein cut their price objective on Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a report on Friday, December 19th. Robert W. Baird set a $490.00 target price on Quanta Services in a research report on Friday, October 31st. Evercore upped their price target on shares of Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Argus set a $540.00 price objective on shares of Quanta Services in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and upped their target price for the company from $457.00 to $515.00 in a report on Monday, December 8th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned 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 target price of $462.00.

Quanta Services Price Performance

NYSE PWR opened at $514.46 on Tuesday. 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 12 month low of $227.08 and a 12 month high of $520.42. The stock has a market cap of $76.72 billion, a price-to-earnings ratio of 76.22, a PEG ratio of 2.46 and a beta of 1.15. The company’s 50 day moving average is $452.10 and its two-hundred day moving average is $426.45.

Quanta Services 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.