First National Bank of Omaha Makes New Investment in Quanta Services, Inc. $PWR

First National Bank of Omaha bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the third quarter, Holdings Channel reports. The firm bought 23,926 shares of the construction company’s stock, valued at approximately $9,915,000.

Several other large investors have also recently added to or reduced their stakes in PWR. Northeast Investment Management grew its position in shares of Quanta Services by 142.8% in the 3rd quarter. Northeast Investment Management now owns 6,129 shares of the construction company’s stock worth $2,540,000 after acquiring an additional 3,605 shares in the last quarter. NEOS Investment Management LLC raised its holdings in Quanta Services by 43.3% during the third quarter. NEOS Investment Management LLC now owns 33,490 shares of the construction company’s stock worth $13,876,000 after purchasing an additional 10,121 shares in the last quarter. Rothschild Investment LLC raised its position in Quanta Services by 2.8% in the third quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after acquiring an additional 23 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of Quanta Services by 17.3% in the third 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 in the last quarter. Finally, Glenview Trust Co increased its position in shares of Quanta Services by 18.4% in the third quarter. Glenview Trust Co now owns 14,773 shares of the construction company’s stock worth $6,122,000 after acquiring an additional 2,298 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $525.16 on Wednesday. The firm has a market capitalization of $78.31 billion, a price-to-earnings ratio of 77.80, 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 has a fifty day simple moving average of $459.38 and a 200 day simple moving average of $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.

Analyst Ratings Changes

Several brokerages have issued reports on PWR. Mizuho set a $415.00 target price on shares of Quanta Services in a research note on Tuesday, October 28th. Argus set a $540.00 target price on shares of Quanta Services in a research note on Friday, October 31st. JPMorgan Chase & Co. upgraded Quanta Services from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $457.00 to $515.00 in a report on Monday, December 8th. Cantor Fitzgerald assumed coverage on shares of Quanta Services in a research note on Friday, January 23rd. They issued an “overweight” rating and a $520.00 price objective for the company. Finally, The Goldman Sachs Group set a $495.00 target price on shares of Quanta Services in a research note on Monday, November 24th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Quanta Services 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.