Hantz Financial Services Inc. Grows Holdings in Quanta Services, Inc. $PWR

Hantz Financial Services Inc. raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 262.5% during the third quarter, Holdings Channel.com reports. The fund owned 20,842 shares of the construction company’s stock after buying an additional 15,092 shares during the period. Hantz Financial Services Inc.’s holdings in Quanta Services were worth $8,637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PWR. Norges Bank purchased a new position in shares of Quanta Services in the second quarter valued at $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Quanta Services by 57.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after buying an additional 882,209 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after buying an additional 416,395 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Quanta Services by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company’s stock valued at $6,713,446,000 after buying an additional 339,383 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Quanta Services by 150.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 419,098 shares of the construction company’s stock valued at $156,026,000 after acquiring an additional 251,845 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 5.0%

Shares of PWR opened at $464.35 on Thursday. The firm has a fifty day moving average price of $449.69 and a 200-day moving average price of $424.23. 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 firm has a market capitalization of $69.24 billion, a P/E ratio of 68.79, a P/E/G ratio of 2.37 and a beta of 1.15. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $492.80.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup boosted their price objective on Quanta Services from $526.00 to $540.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th. The Goldman Sachs Group set a $495.00 price target on Quanta Services in a research report on Monday, November 24th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Finally, Roth Mkm set a $500.00 target price on shares of Quanta Services and gave the company a “buy” rating in a research note on Friday, October 31st. Thirteen equities 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 currently has a consensus rating of “Moderate Buy” and an average target price of $462.00.

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.