Alps Advisors Inc. purchased a new stake in Quanta Services Inc (NYSE:PWR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 12,945 shares of the construction company’s stock, valued at approximately $506,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware acquired a new stake in Quanta Services in the third quarter valued at $111,000. Cerebellum GP LLC bought a new stake in Quanta Services during the fourth quarter valued at $130,000. Intact Investment Management Inc. bought a new stake in Quanta Services during the third quarter valued at $209,000. Maple Capital Management Inc. bought a new stake in Quanta Services during the third quarter valued at $213,000. Finally, IFC Holdings Incorporated FL bought a new stake in Quanta Services during the third quarter valued at $226,000. 85.66% of the stock is currently owned by hedge funds and other institutional investors.

PWR has been the subject of several recent research reports. Robert W. Baird set a $42.00 target price on shares of Quanta Services and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Monday, October 16th. Stifel Nicolaus reiterated a “buy” rating and set a $45.00 target price on shares of Quanta Services in a research note on Friday, January 26th. Citigroup set a $47.00 target price on shares of Quanta Services and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, KeyCorp reiterated a “buy” rating and set a $46.00 target price on shares of Quanta Services in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $45.33.

Quanta Services Inc (NYSE:PWR) opened at $33.98 on Tuesday. The company has a market cap of $5,250.00, a PE ratio of 18.37, a PEG ratio of 1.72 and a beta of 0.79. 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 $40.10.

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

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