Farmers Trust Co buys $3,206,702 stake in Quanta Services Inc (PWR)

Quanta Services Inc (PWR) : Farmers Trust Co scooped up 340 additional shares in Quanta Services Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 114,771 shares of Quanta Services Inc which is valued at $3,206,702.Quanta Services Inc makes up approximately 1.12% of Farmers Trust Co’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc added PWR to its portfolio by purchasing 410 company shares during the most recent quarter which is valued at $11,455.Msi Financial Services Inc reduced its stake in PWR by selling 1,482 shares or 51.78% in the most recent quarter. The Hedge Fund company now holds 1,380 shares of PWR which is valued at $38,474.Capstone Asset Management Co reduced its stake in PWR by selling 10 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 53,564 shares of PWR which is valued at $1,492,829. Quanta Services Inc makes up approx 0.04% of Capstone Asset Management Co’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in PWR by selling 34,041 shares or 68.47% in the most recent quarter. The Hedge Fund company now holds 15,675 shares of PWR which is valued at $450,813. Quanta Services Inc makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Cutler Group Lp boosted its stake in PWR in the latest quarter, The investment management firm added 4,436 additional shares and now holds a total of 6,834 shares of Quanta Services Inc which is valued at $196,546. Quanta Services Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.

Quanta Services Inc opened for trading at $28.08 and hit $28.395 on the upside on Friday, eventually ending the session at $27.94, with a gain of 0.22% or 0.06 points. The heightened volatility saw the trading volume jump to 15,84,219 shares. Company has a market cap of $4,029 M.

On the company’s financial health, Quanta Services Inc reported $0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.37. The company had revenue of $1790.00 million for the quarter, compared to analysts expectations of $1859.12 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Quanta Services Inc. Company shares were Reiterated by Stifel on Sep 23, 2016 to “Buy”, Firm has raised the Price Target to $ 32.50 from a previous price target of $28 .Stifel Upgraded Quanta Services Inc on Aug 5, 2016 to ” Buy”, Price Target of the shares are set at $28.

Quanta Services Inc. (Quanta) is a provider of specialty contracting services offering infrastructure solutions primarily to the electric power and natural gas and oil pipeline industries. The Company operates in two segments such as electric power infrastructure services and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services such as design installation and maintenance of electric power transmission and distribution infrastructure and substation facilities among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design installation and maintenance of pipeline transmission distribution systems and gathering systems among others.

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