Quanta Services, Inc. $PWR Shares Purchased by Avestar Capital LLC

Avestar Capital LLC boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWRFree Report) by 86.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,999 shares of the construction company’s stock after purchasing an additional 2,311 shares during the quarter. Avestar Capital LLC’s holdings in Quanta Services were worth $2,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Darwin Wealth Management LLC acquired a new stake in Quanta Services in the second quarter valued at $26,000. Activest Wealth Management lifted its position 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 worth $27,000 after purchasing an additional 32 shares during the last quarter. Solstein Capital LLC grew its stake in Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in Quanta Services by 213.0% in the third 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, Legacy Investment Solutions LLC acquired a new stake in Quanta Services during the second quarter valued at approximately $37,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PWR. Citigroup boosted their price target on Quanta Services from $526.00 to $540.00 and gave the company a “buy” rating in a report on Monday, January 26th. JPMorgan Chase & Co. upgraded shares of Quanta Services from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $457.00 to $515.00 in a research note on Monday, December 8th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Cantor Fitzgerald assumed coverage on shares of Quanta Services in a research report on Friday, January 23rd. They set an “overweight” rating and a $520.00 price objective for the company. Finally, Stifel Nicolaus lifted their target price on Quanta Services from $495.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $464.15.

View Our Latest Analysis on PWR

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

Quanta Services Stock Performance

PWR opened at $520.97 on Thursday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $543.28. The stock has a market cap of $77.69 billion, a PE ratio of 77.18, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. The business’s 50 day moving average is $460.55 and its 200-day moving average is $431.77. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66.

About Quanta Services

(Free Report)

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.

Further Reading

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

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