The Comerica Bank Purchases 4,864 Shares of Quanta Services Inc (PWR)

The Comerica Bank Purchases 4,864 Shares of Quanta Services Inc (PWR)

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Quanta Services by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 6,543,704 shares of the construction company’s stock valued at $242,837,000 after buying an additional 125,263 shares during the last quarter. State Street Corp increased its stake in Quanta Services by 6.1% in the fourth quarter. State Street Corp now owns 5,570,152 shares of the construction company’s stock worth $194,119,000 after buying an additional 322,011 shares in the last quarter. BlackRock Fund Advisors increased its stake in Quanta Services by 3.2% in the third quarter. BlackRock Fund Advisors now owns 2,315,782 shares of the construction company’s stock worth $64,819,000 after buying an additional 70,959 shares in the last quarter. Northern Trust Corp increased its stake in Quanta Services by 5.9% in the third quarter. Northern Trust Corp now owns 1,744,512 shares of the construction company’s stock worth $48,829,000 after buying an additional 96,777 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in Quanta Services by 24.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,700,606 shares of the construction company’s stock worth $59,266,000 after buying an additional 334,944 shares in the last quarter. 93.05% of the stock is owned by hedge funds and other institutional investors.

Comerica Bank boosted its stake in shares of Quanta Services Inc (NYSE:PWR) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,948 shares of the construction company’s stock after buying an additional 4,864 shares during the period. Comerica Bank owned 0.09% of Quanta Services worth $5,020,000 at the end of the most recent quarter.

Quanta Services Inc (PWR) opened at 31.60 on Monday. The company’s 50 day moving average is $33.48 and its 200 day moving average is $35.12. The stock has a market cap of $4.81 billion, a PE ratio of 21.84 and a beta of 0.69. Quanta Services Inc has a 12 month low of $21.60 and a 12 month high of $38.82.

PWR has been the topic of a number of analyst reports. TheStreet cut shares of Quanta Services from a “b” rating to a “c+” rating in a research report on Friday, May 26th. Credit Suisse Group AG reiterated a “buy” rating and issued a $43.00 target price on shares of Quanta Services in a research report on Wednesday, February 22nd. Robert W. Baird decreased their target price on shares of Quanta Services from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, April 6th. DA Davidson reiterated a “buy” rating on shares of Quanta Services in a research report on Thursday, February 16th. Finally, Zacks Investment Research cut shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Friday, February 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Quanta Services has a consensus rating of “Buy” and a consensus price target of $38.71. About Quanta Services

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PWR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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