Peconic Partners LLC Increased Quanta Svcs INC (PWR) Position by $7.04 Million

January 10, 2018 - By Nellie Frank

William Harnisch increased its stake in Quanta Svcs Inc (PWR) by 4.17% based on its latest 2017Q3 regulatory filing with the SEC. Peconic Partners Llc bought 190,371 shares as the company’s stock declined 15.57% while stock markets rallied. The hedge fund run by William Harnisch held 4.75M shares of the capital goods company at the end of 2017Q3, valued at $177.69 million, up from 4.56 million at the end of the previous reported quarter. Peconic Partners Llc who had been investing in Quanta Svcs Inc for a number of months, seems to be bullish on the $5.94 billion market cap company. The stock decreased 0.91% or $0.35 during the last trading session, reaching $38.29. About 437,096 shares traded. Quanta Services, Inc. (NYSE:PWR) has risen 39.30% since January 10, 2017 and is uptrending. It has outperformed by 22.60% the S&P500.

More news for Quanta Services, Inc. (NYSE:PWR) were recently published by:, which released: “Quanta Services Selected by NextBridge Infrastructure for The Ontario East …” on December 12, 2017.‘s article titled: “Quanta Services Selected by NextBridge For Ontario Project” and published on December 13, 2017 is yet another important article.

Quanta Services, Inc. (NYSE:PWR) Ratings Coverage

Among 13 analysts covering Quanta Services Inc. (NYSE:PWR), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Quanta Services Inc. has $48.0 highest and $20 lowest target. $40’s average target is 4.47% above currents $38.29 stock price. Quanta Services Inc. had 43 analyst reports since August 6, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $47.0 target in Sunday, December 10 report. The stock has “Buy” rating by UBS on Thursday, July 13. The firm earned “Buy” rating on Monday, November 27 by KeyBanc Capital Markets. The company was maintained on Friday, October 6 by Robert W. Baird. The stock has “Neutral” rating by Citigroup on Friday, November 13. Robert W. Baird maintained Quanta Services, Inc. (NYSE:PWR) rating on Friday, November 3. Robert W. Baird has “Neutral” rating and $41 target. Maxim Group maintained the shares of PWR in report on Thursday, August 6 with “Buy” rating. The stock of Quanta Services, Inc. (NYSE:PWR) has “Mkt Perform” rating given on Friday, April 7 by FBR Capital. Robert W. Baird downgraded the stock to “Hold” rating in Wednesday, July 26 report. The stock has “Buy” rating by Maxim Group on Friday, May 6.

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