Quanta Services, Inc. $PWR Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 43.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,490 shares of the construction company’s stock after acquiring an additional 10,121 shares during the period. NEOS Investment Management LLC’s holdings in Quanta Services were worth $13,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PWR. Rothschild Investment LLC lifted its position in Quanta Services by 2.8% during the third quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after purchasing an additional 23 shares during the period. Merit Financial Group LLC raised its stake in shares of Quanta Services by 17.3% during the 3rd quarter. Merit Financial Group LLC now owns 2,309 shares of the construction company’s stock valued at $957,000 after buying an additional 341 shares during the last quarter. Glenview Trust Co lifted its holdings in shares of Quanta Services by 18.4% in the 3rd quarter. Glenview Trust Co now owns 14,773 shares of the construction company’s stock valued at $6,122,000 after buying an additional 2,298 shares during the period. Zions Bancorporation National Association UT boosted its stake in shares of Quanta Services by 167.5% in the third quarter. Zions Bancorporation National Association UT now owns 436 shares of the construction company’s stock worth $181,000 after buying an additional 273 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Quanta Services by 2.2% during the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after acquiring an additional 386,937 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Up 0.2%

PWR stock opened at $525.16 on Wednesday. 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. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. The stock has a market cap of $78.31 billion, a price-to-earnings ratio of 77.80, a PEG ratio of 2.54 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. The Goldman Sachs Group set a $495.00 price objective on Quanta Services in a research report on Monday, November 24th. Mizuho set a $415.00 price target on shares of Quanta Services in a research report on Tuesday, October 28th. Roth Mkm set a $500.00 price objective on shares of Quanta Services and gave the company a “buy” rating in a report on Friday, October 31st. Robert W. Baird set a $490.00 target price on shares of Quanta Services in a research note on Friday, October 31st. Finally, Jefferies Financial Group cut their price target on Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $464.15.

Quanta Services Company 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.