TruWealth Advisors LLC Boosts Position in Quanta Services, Inc. $PWR

TruWealth Advisors LLC lifted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 24.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,240 shares of the construction company’s stock after buying an additional 12,441 shares during the quarter. Quanta Services makes up about 1.3% of TruWealth Advisors LLC’s holdings, making the stock its 21st largest position. TruWealth Advisors LLC’s holdings in Quanta Services were worth $26,208,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PWR. Copia Wealth Management increased its stake in shares of Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after buying an additional 43 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Quanta Services during the second quarter worth $26,000. Solstein Capital LLC raised its holdings in shares of Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares during the last quarter. Finally, WPG Advisers LLC purchased a new stake in shares of Quanta Services in the first quarter valued at $31,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Trading Down 0.7%

NYSE PWR opened at $434.85 on Tuesday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $473.99. The stock has a market cap of $64.84 billion, a P/E ratio of 64.42, a PEG ratio of 2.48 and a beta of 1.14. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. The company’s fifty day simple moving average is $443.55 and its 200-day simple moving average is $404.69.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.24 by $0.09. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Insider Transactions at Quanta Services

In other Quanta Services news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the sale, the insider owned 19,960 shares in the company, valued at $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Donald Wayne sold 14,000 shares of Quanta Services stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $443.81, for a total value of $6,213,340.00. Following the completion of the transaction, the executive vice president owned 34,575 shares of the company’s stock, valued at approximately $15,344,730.75. The trade was a 28.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,002 shares of company stock valued at $14,295,857 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PWR. Robert W. Baird set a $490.00 target price on shares of Quanta Services in a research note on Friday, October 31st. Roth Capital set a $500.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a report on Friday, October 31st. Mizuho set a $415.00 price objective on shares of Quanta Services in a research report on Tuesday, October 28th. The Goldman Sachs Group set a $495.00 target price on shares of Quanta Services in a research report on Monday, November 24th. Finally, Wall Street Zen downgraded Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Fourteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $449.24.

Quanta Services Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.