Glenview Trust Co Has $6.12 Million Stock Holdings in Quanta Services, Inc. $PWR

Glenview Trust Co grew its position in Quanta Services, Inc. (NYSE:PWR) by 18.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,773 shares of the construction company’s stock after buying an additional 2,298 shares during the period. Glenview Trust Co’s holdings in Quanta Services were worth $6,122,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in shares of Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Quanta Services during the 2nd quarter worth approximately $26,000. Cornerstone Planning Group LLC lifted its stake in Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares in the last quarter. Solstein Capital LLC boosted its holdings 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 valued at $30,000 after buying an additional 52 shares during the period. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of Quanta Services during the third quarter worth $38,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Up 0.2%

Shares of Quanta Services stock opened at $525.16 on Wednesday. The stock has a market cap 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 company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $543.28. The business’s 50 day moving average is $459.38 and its 200-day moving average is $431.14.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Mizuho set a $415.00 price objective on shares of Quanta Services in a research report on Tuesday, October 28th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Jefferies Financial Group decreased their price objective on Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Citigroup boosted their target price on Quanta Services from $526.00 to $540.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Robert W. Baird set a $490.00 price target on shares of Quanta Services in a research note on Friday, October 31st. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services has a consensus 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.