Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 15.72MM shares of Quanta Services Inc (PWR). This represents 11.0% of the company.
In their previous filing dated February 10, 2022 they reported 15.18MM shares and 10.65% of the company, an increase in shares of 3.56% and an increase in total ownership of 0.35% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 9.17% Upside
As of February 9, 2023, the average one-year price target for Quanta Services is $166.33. The forecasts range from a low of $141.40 to a high of $195.30. The average price target represents an increase of 9.17% from its latest reported closing price of $152.36.
The projected annual revenue for Quanta Services is $18,348MM, an increase of 10.66%. The projected annual EPS is $7.08, an increase of 134.33%.
What is the Fund Sentiment?
There are 1646 funds or institutions reporting positions in Quanta Services. This is an increase of 15 owner(s) or 0.92% in the last quarter. Average portfolio weight of all funds dedicated to PWR is 0.42%, a decrease of 2.53%. Total shares owned by institutions increased in the last three months by 0.44% to 179,998K shares. The put/call ratio of PWR is 0.83, indicating a bullish outlook.
What are large shareholders doing?
VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares holds 16,332K shares representing 11.43% ownership of the company. No change in the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 15,329K shares representing 10.73% ownership of the company. In it's prior filing, the firm reported owning 15,365K shares, representing a decrease of 0.24%. The firm decreased its portfolio allocation in PWR by 10.69% over the last quarter.
DGS - WisdomTree Emerging Markets SmallCap Dividend Fund N holds 10,610K shares representing 7.42% ownership of the company. In it's prior filing, the firm reported owning 9,721K shares, representing an increase of 8.38%. The firm increased its portfolio allocation in PWR by 20.96% over the last quarter.
IEMG - iShares Core MSCI Emerging Markets ETF holds 7,627K shares representing 5.34% ownership of the company. In it's prior filing, the firm reported owning 7,593K shares, representing an increase of 0.45%. The firm decreased its portfolio allocation in PWR by 18.51% over the last quarter.
DFCEX - Emerging Markets Core Equity Portfolio - Institutional Class holds 5,765K shares representing 4.03% ownership of the company. In it's prior filing, the firm reported owning 7,089K shares, representing a decrease of 22.96%. The firm decreased its portfolio allocation in PWR by 22.10% over the last quarter.
Quanta Services Background Information
(This description is provided by the company.)
Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
