Lyell Wealth Management LP Purchases 1,431 Shares of Quanta Services, Inc. $PWR

Lyell Wealth Management LP lifted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,002 shares of the construction company’s stock after acquiring an additional 1,431 shares during the period. Lyell Wealth Management LP’s holdings in Quanta Services were worth $15,334,000 as of its most recent filing with the Securities and Exchange Commission.

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 third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares during the period. Darwin Wealth Management LLC acquired a new position in Quanta Services during the 2nd quarter worth about $26,000. Cornerstone Planning Group LLC increased its stake in shares of 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 during the period. Solstein Capital LLC raised its position 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 acquiring an additional 52 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC acquired a new position in shares of Quanta Services in the third quarter worth approximately $38,000. 90.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on PWR. Cantor Fitzgerald assumed coverage on shares of Quanta Services in a report on Friday, January 23rd. They set an “overweight” rating and a $520.00 price target for the company. Jefferies Financial Group cut their price target on shares of Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Roth Mkm set a $500.00 price objective on Quanta Services and gave the company a “buy” rating in a research note on Friday, October 31st. Citigroup raised their target price on Quanta Services from $526.00 to $540.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Sanford C. Bernstein dropped their price target on 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. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $462.00.

Quanta Services Trading Up 1.5%

PWR opened at $523.75 on Friday. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $543.28. The firm has a market capitalization of $78.10 billion, a PE ratio of 77.59, a P/E/G ratio of 2.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. The company’s 50-day moving average is $456.82 and its 200 day moving average is $429.14.

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.