Today, British Columbia Investment Management Corp Reached $9,069,000 position of Quanta Services Inc. (PWR)

Today, British Columbia Investment Management Corp Reached $9,069,000 position  of Quanta Services Inc. (PWR)

British Columbia Investment Management Corp boosted its position in shares of Quanta Services Inc. (NYSE:PWR) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,000 shares of the company’s stock after buying an additional 24,000 shares during the period. British Columbia Investment Management Corp’s holdings in Quanta Services were worth $9,069,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Exxonmobil Investment Management Inc. TX raised its position in shares of Quanta Services by 0.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 39,096 shares of the company’s stock worth $904,000 after buying an additional 193 shares during the last quarter. LaSalle Street Capital Management LLC raised its position in shares of Quanta Services by 0.7% in the second quarter. LaSalle Street Capital Management LLC now owns 36,843 shares of the company’s stock worth $852,000 after buying an additional 271 shares during the last quarter. First Allied Advisory Services Inc. raised its position in shares of Quanta Services by 3.2% in the second quarter. First Allied Advisory Services Inc. now owns 9,994 shares of the company’s stock worth $230,000 after buying an additional 306 shares during the last quarter. Endurance Wealth Management Inc. raised its position in shares of Quanta Services by 1.1% in the second quarter. Endurance Wealth Management Inc. now owns 35,632 shares of the company’s stock worth $823,000 after buying an additional 400 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of Quanta Services by 3.1% in the second quarter. Ngam Advisors L.P. now owns 13,503 shares of the company’s stock worth $312,000 after buying an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Quanta Services Inc. (NYSE:PWR) traded down 1.86% during mid-day trading on Monday, hitting $32.27. The company’s stock had a trading volume of 1,959,945 shares. Quanta Services Inc. has a 52-week low of $16.77 and a 52-week high of $33.13. The firm has a 50 day moving average of $29.60 and a 200-day moving average of $26.00. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 48.53 and a beta of 0.60.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Quanta Services had a net margin of 1.42% and a return on equity of 5.53%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Quanta Services’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Quanta Services Inc. will post $1.54 EPS for the current fiscal year.

A number of research analysts have recently weighed in on PWR shares. Deutsche Bank AG reissued a “buy” rating on shares of Quanta Services in a research note on Saturday, August 6th. Credit Suisse Group AG reissued a “buy” rating and issued a $26.00 price target on shares of Quanta Services in a research note on Monday, August 8th. Robert W. Baird raised Quanta Services from a “neutral” rating to an “outperform” rating and increased their price target for the company from $30.00 to $40.00 in a research note on Tuesday, November 15th. Avondale Partners downgraded Quanta Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 18th. Finally, Stifel Nicolaus raised Quanta Services from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday, August 5th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Quanta Services presently has an average rating of “Buy” and a consensus target price of $28.50.

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.

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