Quanta Services Inc. (NYSE:PWR) saw strong trading volume on Thursday . 3,835,583 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 2,100,193 shares.The stock last traded at $26.14 and had previously closed at $25.44.

Several research analysts have issued reports on PWR shares. Deutsche Bank AG reissued a “buy” rating on shares of Quanta Services in a research report on Saturday, August 6th. Credit Suisse Group AG reissued a “buy” rating on shares of Quanta Services in a research report on Saturday, June 4th. Robert W. Baird reissued a “hold” rating on shares of Quanta Services in a research report on Sunday, May 8th. Zacks Investment Research raised shares of Quanta Services from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. 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 research report on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.20.

The company’s 50 day moving average is $24.96 and its 200 day moving average is $22.78. The company has a market capitalization of $3.95 billion and a PE ratio of 17.66.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.18. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm posted $0.24 EPS. Quanta Services’s revenue was down 4.4% compared to the same quarter last year. On average, equities analysts forecast that Quanta Services Inc. will post $1.55 EPS for the current fiscal year.

Other hedge funds have added to or reduced their stakes in the company. Schroder Investment Management Group raised its stake in Quanta Services by 98.3% in the fourth quarter. Schroder Investment Management Group now owns 1,296,665 shares of the company’s stock valued at $26,257,000 after buying an additional 642,646 shares during the last quarter. Cedar Hill Associates LLC raised its stake in Quanta Services by 40.7% in the fourth quarter. Cedar Hill Associates LLC now owns 508,478 shares of the company’s stock valued at $10,297,000 after buying an additional 147,197 shares during the last quarter. State of Tennessee Treasury Department raised its stake 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 valued at $5,588,000 after buying an additional 12,484 shares during the last quarter. Systematic Financial Management LP acquired a new stake in Quanta Services during the fourth quarter valued at $1,739,000. Finally, Trexquant Investment LP acquired a new stake in Quanta Services during the fourth quarter valued at $1,104,000.

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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