Prospera Financial Services Inc Has $6.67 Million Holdings in Quanta Services, Inc. $PWR

Prospera Financial Services Inc lifted its position in Quanta Services, Inc. (NYSE:PWR) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,646 shares of the construction company’s stock after purchasing an additional 645 shares during the quarter. Prospera Financial Services Inc’s holdings in Quanta Services were worth $6,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PWR. Brighton Jones LLC bought a new position in shares of Quanta Services during the 4th quarter worth about $298,000. OneDigital Investment Advisors LLC raised its position in Quanta Services by 5.4% in the first quarter. OneDigital Investment Advisors LLC now owns 1,338 shares of the construction company’s stock worth $340,000 after purchasing an additional 68 shares in the last quarter. World Investment Advisors lifted its stake in Quanta Services by 13.8% during the first quarter. World Investment Advisors now owns 824 shares of the construction company’s stock worth $209,000 after purchasing an additional 100 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Quanta Services by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 201,838 shares of the construction company’s stock valued at $51,303,000 after purchasing an additional 15,145 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Quanta Services by 1.2% in the 1st quarter. Cerity Partners LLC now owns 138,327 shares of the construction company’s stock valued at $35,160,000 after purchasing an additional 1,575 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Activity

In other news, Director Bernard Fried sold 4,000 shares of Quanta Services stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the completion of the sale, the director owned 12,493 shares in the company, valued at $5,649,209.67. The trade was a 24.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Worthing Jackman sold 6,349 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the sale, the director directly owned 2,730 shares of the company’s stock, valued at approximately $1,229,728.50. This trade represents a 69.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $445.32 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $414.54 and a 200 day simple moving average of $381.42. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $469.43. The firm has a market cap of $66.40 billion, a P/E ratio of 68.93, a P/E/G ratio of 2.66 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.24 by $0.09. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period last year, the firm earned $2.72 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Sell-side analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is presently 5.93%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PWR. 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. JPMorgan Chase & Co. boosted their target price on shares of Quanta Services from $436.00 to $457.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Wall Street Zen cut shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Stifel Nicolaus set a $495.00 price target on shares of Quanta Services in a research report on Monday, November 3rd. Finally, Jefferies Financial Group raised their price objective on shares of Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $438.64.

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.