Northeast Investment Management Has $2.54 Million Stake in Quanta Services, Inc. $PWR

Northeast Investment Management grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 142.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,129 shares of the construction company’s stock after purchasing an additional 3,605 shares during the quarter. Northeast Investment Management’s holdings in Quanta Services were worth $2,540,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PWR. Norges Bank acquired a new position in shares of Quanta Services during the second quarter worth approximately $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Quanta Services by 57.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after acquiring an additional 882,209 shares during the period. Select Equity Group L.P. raised its stake in Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after purchasing an additional 416,395 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Quanta Services by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after purchasing an additional 386,937 shares during the period. Finally, DAVENPORT & Co LLC acquired a new stake in Quanta Services in the 3rd quarter worth $97,080,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock opened at $525.16 on Wednesday. The firm has a market capitalization of $78.31 billion, a P/E ratio of 77.80, a P/E/G ratio of 2.54 and a beta of 1.15. The stock has a fifty day moving average price of $459.38 and a two-hundred day moving average price of $431.14. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $543.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30.

Analysts Set New Price Targets

A number of brokerages have recently commented on PWR. Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a research report on Friday, October 31st. Stifel Nicolaus raised their price objective on Quanta Services from $495.00 to $517.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. The Goldman Sachs Group set a $495.00 price objective on Quanta Services in a report on Monday, November 24th. Argus set a $540.00 target price on Quanta Services in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. upgraded shares of Quanta Services from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $457.00 to $515.00 in a research note on Monday, December 8th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $464.15.

Quanta Services Profile

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.