Cutter & CO Brokerage Inc. Raises Holdings in Quanta Services, Inc. (NYSE:PWR)

Cutter & CO Brokerage Inc. boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,541 shares of the construction company’s stock after acquiring an additional 51 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Quanta Services were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Cavalier Investments LLC raised its position in Quanta Services by 3.7% during the 4th quarter. Cavalier Investments LLC now owns 1,348 shares of the construction company’s stock valued at $426,000 after purchasing an additional 48 shares during the last quarter. MorganRosel Wealth Management LLC raised its position in Quanta Services by 8.7% during the 4th quarter. MorganRosel Wealth Management LLC now owns 4,669 shares of the construction company’s stock valued at $1,476,000 after purchasing an additional 373 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Quanta Services by 58.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 32,971 shares of the construction company’s stock valued at $10,420,000 after purchasing an additional 12,112 shares during the last quarter. Bank of New York Mellon Corp raised its position in Quanta Services by 4.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,024,510 shares of the construction company’s stock valued at $323,797,000 after purchasing an additional 45,486 shares during the last quarter. Finally, Rothschild Investment LLC raised its position in Quanta Services by 7.9% during the 4th quarter. Rothschild Investment LLC now owns 463 shares of the construction company’s stock valued at $146,000 after purchasing an additional 34 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on PWR. Robert W. Baird upped their price target on Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $338.00 to $316.00 in a research report on Tuesday. Stifel Nicolaus decreased their target price on Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research report on Monday. Daiwa Capital Markets lowered Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday. Finally, Bank of America initiated coverage on Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price for the company. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Stock Performance

PWR stock opened at $264.35 on Wednesday. The company has a market cap of $39.02 billion, a P/E ratio of 43.84, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. Quanta Services, Inc. has a 1 year low of $227.11 and a 1 year high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The stock’s fifty day moving average price is $312.93 and its 200-day moving average price is $305.99.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.