Wolverine Asset Management LLC Invests $622,000 in Quanta Services, Inc. $PWR

Wolverine Asset Management LLC purchased a new stake in Quanta Services, Inc. (NYSE:PWR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,500 shares of the construction company’s stock, valued at approximately $622,000.

Several other institutional investors have also recently bought and sold shares of PWR. Copia Wealth Management boosted its position in Quanta Services by 509.1% in the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after buying an additional 56 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services during the second quarter worth $26,000. SOA Wealth Advisors LLC. lifted its stake in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after acquiring an additional 43 shares during the period. Solstein Capital LLC boosted its holdings in Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares during the last quarter. Finally, Ameriflex Group Inc. increased its position in Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the period. Institutional investors own 90.49% of the company’s stock.

Insiders Place Their Bets

In other Quanta Services news, Director Worthing Jackman sold 6,349 shares of the firm’s 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 directly owned 2,730 shares in the company, valued at approximately $1,229,728.50. This trade represents a 69.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Donald Wayne sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were 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 $15,344,730.75. This trade represents a 28.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,002 shares of company stock valued at $14,295,857 in the last quarter. 1.10% of the stock is owned by company insiders.

Quanta Services Price Performance

Shares of PWR stock opened at $466.97 on Friday. 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, Inc. has a 12-month low of $227.08 and a 12-month high of $480.93. The firm has a fifty day moving average of $441.10 and a 200-day moving average of $416.26. The firm has a market capitalization of $69.63 billion, a price-to-earnings ratio of 69.18, a price-to-earnings-growth ratio of 2.26 and a beta of 1.16.

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 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 quarter last year, the business posted $2.72 EPS. The firm’s revenue 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, equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on PWR shares. The Goldman Sachs Group set a $495.00 target price on shares of Quanta Services in a research report on Monday, November 24th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Sanford C. Bernstein dropped their target price on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a research report on Friday, December 19th. Stifel Nicolaus set a $495.00 price target on Quanta Services in a research report on Monday, November 3rd. Finally, Mizuho set a $415.00 price objective on Quanta Services in a report on Tuesday, October 28th. Fourteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus target price of $449.57.

Quanta Services Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.