Quanta Services Sees Unusually Large Options Volume (PWR)

Quanta Services Inc (NYSE:PWR) saw unusually large options trading on Tuesday. Stock traders acquired 1,124 put options on the company. This is an increase of approximately 806% compared to the average daily volume of 124 put options.

PWR has been the subject of a number of research analyst reports. Zacks Investment Research raised Quanta Services from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Monday, October 16th. Citigroup set a $47.00 target price on Quanta Services and gave the company a “buy” rating in a report on Friday, October 27th. Robert W. Baird upped their price target on Quanta Services from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. KeyCorp restated a “buy” rating and issued a $45.00 price target on shares of Quanta Services in a research report on Friday, November 3rd. Finally, B. Riley upped their price target on Quanta Services from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. Quanta Services currently has an average rating of “Buy” and a consensus price target of $45.33.

Quanta Services (NYSE PWR) traded up $0.45 on Monday, hitting $33.98. The stock had a trading volume of 1,528,862 shares, compared to its average volume of 1,509,854. Quanta Services has a 1-year low of $30.23 and a 1-year high of $40.10. The stock has a market capitalization of $5,250.00, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.80 and a current ratio of 1.85.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Quanta Services by 3.6% in the second quarter. Vanguard Group Inc. now owns 14,732,602 shares of the construction company’s stock valued at $484,998,000 after acquiring an additional 511,917 shares in the last quarter. BlackRock Inc. raised its stake in Quanta Services by 2.6% in the fourth quarter. BlackRock Inc. now owns 8,876,555 shares of the construction company’s stock valued at $347,161,000 after buying an additional 221,461 shares in the last quarter. Victory Capital Management Inc. raised its stake in Quanta Services by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 6,546,374 shares of the construction company’s stock valued at $256,029,000 after buying an additional 562,296 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Quanta Services by 4.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,910,693 shares of the construction company’s stock valued at $183,515,000 after buying an additional 212,294 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Quanta Services by 39.9% in the fourth quarter. Jennison Associates LLC now owns 3,389,149 shares of the construction company’s stock valued at $132,550,000 after buying an additional 966,316 shares in the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.

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Quanta Services Company 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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