Quanta Services, Inc. $PWR Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 39.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,633 shares of the construction company’s stock after purchasing an additional 3,839 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Quanta Services were worth $5,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PWR. Kingstone Capital Partners Texas LLC purchased a new stake in Quanta Services during the 2nd quarter worth approximately $650,960,000. Nuveen LLC purchased a new position in shares of Quanta Services in the first quarter valued at approximately $404,288,000. Amundi boosted its stake in shares of Quanta Services by 188.3% in the first quarter. Amundi now owns 1,206,577 shares of the construction company’s stock worth $304,139,000 after acquiring an additional 788,079 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Quanta Services by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after acquiring an additional 407,878 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Quanta Services by 50.5% during the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after purchasing an additional 401,418 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Donald Wayne sold 14,000 shares of the 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 directly owned 34,575 shares in the company, valued at approximately $15,344,730.75. This represents a 28.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of Quanta Services stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $446.08, for a total value of $3,413,850.24. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is currently owned by insiders.

Quanta Services Trading Up 2.3%

Shares of PWR opened at $460.58 on Thursday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $469.43. The firm has a market capitalization of $68.68 billion, a P/E ratio of 71.30, a P/E/G ratio of 2.66 and a beta of 1.10. The firm has a 50-day moving average price of $430.60 and a 200 day moving average price of $393.62. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.

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

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research reports. Roth Capital set a $500.00 price objective on Quanta Services and gave the company a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus set a $495.00 target price on shares of Quanta Services in a research report on Monday, November 3rd. DA Davidson boosted their price target on shares of Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price objective 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. Finally, The Goldman Sachs Group set a $495.00 price objective on shares of Quanta Services in a report on Monday. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $442.32.

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.