Mutual of America Capital Management LLC Sells 737 Shares of Quanta Services, Inc. (NYSE:PWR)

Mutual of America Capital Management LLC lessened its position in Quanta Services, Inc. (NYSE:PWR) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 20,747 shares of the construction company’s stock after selling 737 shares during the period. Mutual of America Capital Management LLC’s holdings in Quanta Services were worth $6,557,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PWR. Swedbank AB increased its stake in Quanta Services by 4.6% in the third quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock valued at $286,248,000 after acquiring an additional 42,579 shares during the last quarter. US Bancorp DE increased its stake in Quanta Services by 2.9% in the third quarter. US Bancorp DE now owns 15,914 shares of the construction company’s stock valued at $4,745,000 after acquiring an additional 456 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Quanta Services by 12.9% during the third quarter. Farther Finance Advisors LLC now owns 1,088 shares of the construction company’s stock valued at $324,000 after buying an additional 124 shares during the period. Janney Montgomery Scott LLC boosted its position in Quanta Services by 12.3% during the third quarter. Janney Montgomery Scott LLC now owns 150,886 shares of the construction company’s stock valued at $44,987,000 after buying an additional 16,520 shares during the period. Finally, Van ECK Associates Corp boosted its position in Quanta Services by 8,786.6% during the third quarter. Van ECK Associates Corp now owns 29,948 shares of the construction company’s stock valued at $9,183,000 after buying an additional 29,611 shares during the period. Institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PWR shares. Daiwa Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. Truist Financial cut their price target on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Roth Capital upgraded shares of Quanta Services to a “strong-buy” rating in a research report on Thursday, February 20th. Bank of America started coverage on shares of Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 price target for the company. Finally, Stifel Nicolaus cut their price target on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

Quanta Services Price Performance

PWR stock opened at $250.77 on Tuesday. Quanta Services, Inc. has a 1 year low of $227.11 and a 1 year high of $365.88. The company has a market cap of $37.16 billion, a P/E ratio of 41.59, a PEG ratio of 1.41 and a beta of 1.05. The firm has a 50-day moving average of $309.23 and a 200 day moving average of $306.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

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 net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. On average, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Company 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.