Guided Capital Wealth Management LLC Takes $1.86 Million Position in Quanta Services, Inc. $PWR

Guided Capital Wealth Management LLC bought a new position in Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,497 shares of the construction company’s stock, valued at approximately $1,864,000. Quanta Services comprises about 1.6% of Guided Capital Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Quanta Services in the 2nd quarter worth approximately $675,802,000. Kingstone Capital Partners Texas LLC purchased a new stake in Quanta Services in the second quarter worth $650,960,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after acquiring an additional 882,209 shares in the last quarter. Amundi increased its position in Quanta Services by 188.3% during the 1st quarter. Amundi now owns 1,206,577 shares of the construction company’s stock valued at $304,139,000 after purchasing an additional 788,079 shares during the period. Finally, Select Equity Group L.P. lifted its position in shares of Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after purchasing an additional 416,395 shares during the period. Institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the topic of several research analyst reports. Mizuho set a $415.00 price target on shares of Quanta Services in a research report on Tuesday, October 28th. Evercore ISI upped their target price on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Roth Capital set a $500.00 target price on Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 31st. Argus set a $540.00 price target on Quanta Services in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a report on Monday. 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 an average rating of “Moderate Buy” and a consensus target price of $449.24.

Insider Activity

In other news, Director Worthing Jackman sold 6,349 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the sale, the director owned 2,730 shares in the company, valued at $1,229,728.50. This represents a 69.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Donald Wayne sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $443.81, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 32,002 shares of company stock valued at $14,295,857. Company insiders own 1.10% of the company’s stock.

Quanta Services Stock Up 1.7%

PWR stock opened at $421.16 on Friday. The business has a 50 day moving average of $443.13 and a 200 day moving average of $405.54. The firm has a market cap of $62.80 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 2.35 and a beta of 1.14. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $473.99. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66.

Quanta Services (NYSE:PWR) last released its 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. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the company posted $2.72 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Company 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.