MorganRosel Wealth Management LLC Buys 373 Shares of Quanta Services, Inc. (NYSE:PWR)

MorganRosel Wealth Management LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,669 shares of the construction company’s stock after buying an additional 373 shares during the period. MorganRosel Wealth Management LLC’s holdings in Quanta Services were worth $1,476,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PWR. Webster Bank N. A. lifted its holdings in Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Quanta Services during the 4th quarter valued at $27,000. Prestige Wealth Management Group LLC purchased a new position in shares of Quanta Services during the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC bought a new position in Quanta Services in the 3rd quarter worth $31,000. Finally, Sound Income Strategies LLC increased its stake in Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after buying an additional 91 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

Shares of NYSE PWR opened at $259.79 on Tuesday. The stock has a market capitalization of $38.35 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88. The firm has a 50-day simple moving average of $314.37 and a 200-day simple moving average of $305.96. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

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

Analyst Upgrades and Downgrades

PWR has been the subject of several research analyst reports. Citigroup cut their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. Roth Mkm began coverage on shares of Quanta Services in a report on Friday. They set a “buy” rating and a $350.00 price objective for the company. Stifel Nicolaus reduced their price objective on Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Robert W. Baird raised their price objective on Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.95.

About Quanta Services

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.