Natixis Advisors LLC Buys 4,671 Shares of Quanta Services, Inc. (NYSE:PWR)

Natixis Advisors LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,421 shares of the construction company’s stock after acquiring an additional 4,671 shares during the period. Natixis Advisors LLC’s holdings in Quanta Services were worth $28,578,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Family Firm Inc. bought a new position in shares of Quanta Services in the fourth quarter worth $207,000. First Eagle Investment Management LLC boosted its holdings in shares of Quanta Services by 3.9% in the fourth quarter. First Eagle Investment Management LLC now owns 3,953 shares of the construction company’s stock worth $1,249,000 after acquiring an additional 150 shares during the period. Wellington Shields Capital Management LLC boosted its stake in Quanta Services by 9.2% during the fourth quarter. Wellington Shields Capital Management LLC now owns 21,354 shares of the construction company’s stock valued at $6,749,000 after buying an additional 1,800 shares during the period. Renasant Bank boosted its stake in Quanta Services by 17.7% during the fourth quarter. Renasant Bank now owns 2,319 shares of the construction company’s stock valued at $733,000 after buying an additional 348 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in Quanta Services by 10.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 61,978 shares of the construction company’s stock valued at $19,588,000 after buying an additional 5,722 shares during the period. 90.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PWR. JPMorgan Chase & Co. lifted their price objective on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $338.00 to $316.00 in a report on Tuesday, February 25th. Truist Financial cut their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Roth Mkm initiated coverage on Quanta Services in a research report on Friday, February 21st. They set a “buy” rating and a $350.00 price objective on the stock. Six research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Quanta Services Stock Performance

PWR stock opened at $267.54 on Tuesday. The stock has a market capitalization of $39.65 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a 12-month low of $227.11 and a 12-month high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock’s 50 day simple moving average is $292.98 and its 200 day simple moving average is $304.54.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.12. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. As a group, research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal 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.