BB&T Securities LLC purchased a new position in Quanta Services Inc (NYSE:PWR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 21,137 shares of the construction company’s stock, valued at approximately $789,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in shares of Quanta Services by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 13,120 shares of the construction company’s stock worth $432,000 after acquiring an additional 53 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Quanta Services by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 31,071 shares of the construction company’s stock worth $1,023,000 after acquiring an additional 87 shares in the last quarter. US Bancorp DE raised its holdings in shares of Quanta Services by 4.2% during the 2nd quarter. US Bancorp DE now owns 7,641 shares of the construction company’s stock worth $252,000 after acquiring an additional 307 shares in the last quarter. Norinchukin Bank The raised its holdings in shares of Quanta Services by 4.6% during the 2nd quarter. Norinchukin Bank The now owns 10,278 shares of the construction company’s stock worth $338,000 after acquiring an additional 451 shares in the last quarter. Finally, Fagan Associates Inc. raised its holdings in shares of Quanta Services by 1.1% during the 2nd quarter. Fagan Associates Inc. now owns 41,900 shares of the construction company’s stock worth $1,379,000 after acquiring an additional 465 shares in the last quarter. 85.97% of the stock is currently owned by institutional investors.

PWR has been the topic of several recent research reports. Citigroup raised Quanta Services from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Friday, August 18th. BidaskClub cut Quanta Services from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Stifel Nicolaus reissued a “buy” rating and set a $45.00 target price on shares of Quanta Services in a research report on Thursday, September 7th. Robert W. Baird reissued a “hold” rating and set a $39.00 target price on shares of Quanta Services in a research report on Friday, October 6th. Finally, Zacks Investment Research downgraded Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $44.64.

Quanta Services Inc (PWR) opened at $39.40 on Friday. The firm has a market capitalization of $6,096.01, a P/E ratio of 20.63, a PEG ratio of 2.78 and a beta of 0.86. The company has a current ratio of 1.85, a quick ratio of 1.80 and a debt-to-equity ratio of 0.20. Quanta Services Inc has a 12-month low of $30.23 and a 12-month high of $39.42.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.30 billion. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. analysts forecast that Quanta Services Inc will post 1.77 earnings per share for the current year.

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Quanta Services Profile

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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