Quanta Services (NYSE:PWR) Insider Gerald Ducey, Jr. Sells 7,653 Shares of Stock

Quanta Services, Inc. (NYSE:PWR) insider Gerald Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the completion of the sale, the insider owned 19,960 shares in the company, valued at approximately $8,903,756.80. This trade represents a 27.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Quanta Services Price Performance

Shares of PWR opened at $450.23 on Tuesday. The firm has a 50-day simple moving average of $415.98 and a two-hundred day simple moving average of $383.35. The stock has a market cap of $67.14 billion, a PE ratio of 69.70, a P/E/G ratio of 2.66 and a beta of 1.10. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $469.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data 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 net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the business posted $2.72 EPS. The business’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. As a group, analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PWR. SCP Investment LP purchased a new position in shares of Quanta Services in the 1st quarter worth about $966,000. Brighton Jones LLC purchased a new position in Quanta Services in the fourth quarter valued at approximately $298,000. Swedbank AB raised its holdings in Quanta Services by 50.5% in the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock valued at $304,269,000 after buying an additional 401,418 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Quanta Services during the second quarter worth approximately $271,000. Finally, Voya Investment Management LLC increased its position in shares of Quanta Services by 8.6% in the first quarter. Voya Investment Management LLC now owns 598,067 shares of the construction company’s stock worth $152,017,000 after acquiring an additional 47,469 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PWR. Evercore ISI increased their target price on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Jefferies Financial Group boosted their price target on shares of Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Daiwa America lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Mizuho set a $415.00 target price on shares of Quanta Services in a research note on Tuesday, October 28th. Finally, Truist Financial raised their price target on shares of Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.