Quanta Services Inc. (NYSE:PWR)’s share price was up 5.8% during mid-day trading on Friday . The stock traded as high as $24.87 and last traded at $24.80, with a volume of 2,116,213 shares. The stock had previously closed at $23.45.

PWR has been the topic of a number of research analyst reports. Avondale Partners reissued an “outperform” rating on shares of Quanta Services in a report on Thursday, April 21st. Zacks Investment Research lowered shares of Quanta Services from a “hold” rating to a “sell” rating in a report on Monday, April 11th. Maxim Group boosted their price objective on shares of Quanta Services from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 6th. FBR & Co boosted their price objective on shares of Quanta Services from $23.00 to $25.00 and gave the company a “mkt perform” rating in a report on Friday, May 6th. Finally, Stifel Nicolaus raised shares of Quanta Services from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Friday. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $25.90.

The firm has a 50-day moving average price of $24.40 and a 200 day moving average price of $22.31. The stock has a market capitalization of $3.75 billion and a price-to-earnings ratio of 16.27.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.18. During the same quarter last year, the firm earned $0.24 EPS. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.86 billion. The company’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts expect that Quanta Services Inc. will post $1.58 EPS for the current year.

Other large investors have recently made changes to their positions in the company. Schroder Investment Management Group raised its stake in shares of Quanta Services by 98.3% in the fourth quarter. Schroder Investment Management Group now owns 1,296,665 shares of the company’s stock worth $26,257,000 after buying an additional 642,646 shares during the last quarter. Cedar Hill Associates LLC increased its position in Quanta Services by 40.7% in the fourth quarter. Cedar Hill Associates LLC now owns 508,478 shares of the company’s stock worth $10,297,000 after buying an additional 147,197 shares during the period. Morgan Stanley increased its position in Quanta Services by 2.4% in the fourth quarter. Morgan Stanley now owns 436,250 shares of the company’s stock worth $8,834,000 after buying an additional 10,312 shares during the period. State of Tennessee Treasury Department increased its position in Quanta Services by 4.7% in the fourth quarter. State of Tennessee Treasury Department now owns 275,940 shares of the company’s stock worth $5,588,000 after buying an additional 12,484 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in Quanta Services by 159.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 172,777 shares of the company’s stock worth $3,498,000 after buying an additional 106,092 shares during the period.

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

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