Bank of The West Invests $1.44 Million in Quanta Services Inc (PWR) Stock

Bank of The West acquired a new position in Quanta Services Inc (NYSE:PWR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 36,789 shares of the construction company’s stock, valued at approximately $1,439,000.

A number of other institutional investors have also modified their holdings of PWR. FMR LLC raised its stake in Quanta Services by 14.8% in the 2nd quarter. FMR LLC now owns 446,644 shares of the construction company’s stock worth $14,703,000 after purchasing an additional 57,431 shares in the last quarter. M&T Bank Corp raised its stake in Quanta Services by 8.6% in the 2nd quarter. M&T Bank Corp now owns 8,806 shares of the construction company’s stock worth $290,000 after purchasing an additional 695 shares in the last quarter. Suntrust Banks Inc. raised its stake in Quanta Services by 7.5% in the 2nd quarter. Suntrust Banks Inc. now owns 10,077 shares of the construction company’s stock worth $331,000 after purchasing an additional 700 shares in the last quarter. Numeric Investors LLC acquired a new stake in Quanta Services in the 2nd quarter worth about $421,000. Finally, First Allied Advisory Services Inc. raised its stake in Quanta Services by 10.6% in the 2nd quarter. First Allied Advisory Services Inc. now owns 7,347 shares of the construction company’s stock worth $243,000 after purchasing an additional 702 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

Several analysts have weighed in on PWR shares. Robert W. Baird set a $42.00 price objective on shares of Quanta Services and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Citigroup set a $47.00 price objective on shares of Quanta Services and gave the stock a “buy” rating in a research note on Friday, October 27th. B. Riley lifted their price objective on shares of Quanta Services from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. KeyCorp reiterated a “buy” rating and issued a $45.00 price objective on shares of Quanta Services in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Quanta Services from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Quanta Services currently has an average rating of “Buy” and an average target price of $45.58.

Quanta Services Inc (NYSE PWR) opened at $34.45 on Thursday. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. Quanta Services Inc has a 1-year low of $30.23 and a 1-year high of $40.10. The company has a market cap of $5,322.40, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.77 and a beta of 0.79.

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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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