Quanta Services, Inc. $PWR Shares Acquired by Avestar Capital LLC

Avestar Capital LLC lifted its position in shares of Quanta Services, Inc. (NYSE:PWRFree Report) by 86.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,999 shares of the construction company’s stock after buying an additional 2,311 shares during the period. Avestar Capital LLC’s holdings in Quanta Services were worth $2,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management increased its stake in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in Quanta Services in the 2nd quarter valued at about $26,000. Cornerstone Planning Group LLC increased its stake in shares of Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares during the last quarter. Solstein Capital LLC boosted its position in shares of Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new stake in Quanta Services in the third quarter valued at approximately $38,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PWR shares. Cantor Fitzgerald initiated coverage on shares of Quanta Services in a research note on Friday, January 23rd. They set an “overweight” rating and a $520.00 price target on the stock. Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th. Citigroup upped their price target on Quanta Services from $526.00 to $540.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Sanford C. Bernstein lifted their price objective on Quanta Services from $428.00 to $471.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Finally, Argus set a $540.00 target price on shares of Quanta Services in a research report on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $464.15.

View Our Latest Stock Analysis on PWR

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $520.97 on Thursday. The company has a market cap of $77.69 billion, a P/E ratio of 77.18, a PEG ratio of 2.54 and a beta of 1.15. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $543.28. The business’s 50-day simple moving average is $460.55 and its 200 day simple moving average is $431.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34.

Key Quanta Services News

Here are the key news stories impacting Quanta Services this week:

Quanta Services Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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