Quanta Services, Inc. $PWR Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its position in Quanta Services, Inc. (NYSE:PWR) by 252.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,094 shares of the construction company’s stock after acquiring an additional 16,549 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Quanta Services were worth $9,571,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Copia Wealth Management grew its holdings in shares of Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after buying an additional 56 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Quanta Services during the 2nd quarter worth approximately $26,000. Activest Wealth Management grew its stake in shares of Quanta Services by 94.1% in 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 during the last quarter. Solstein Capital LLC raised its stake in shares of Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after purchasing an additional 49 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $475.92 on Friday. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $492.80. The firm has a market capitalization of $70.97 billion, a price-to-earnings ratio of 70.51, a price-to-earnings-growth ratio of 2.25 and a beta of 1.15. The business’s 50 day simple moving average is $450.00 and its 200-day simple moving average is $424.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30.

Analysts Set New Price Targets

PWR has been the topic of several recent research reports. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $457.00 to $515.00 in a research note on Monday, December 8th. Sanford C. Bernstein dropped their price target on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a research note on Friday, December 19th. Argus set a $540.00 price objective on shares of Quanta Services in a research report on Friday, October 31st. Evercore ISI boosted their target price on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Robert W. Baird set a $490.00 price target on Quanta Services in a report on Friday, October 31st. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $462.00.

About Quanta Services

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.