Investment House LLC Makes New Investment in Quanta Services, Inc. $PWR

Investment House LLC acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,577 shares of the construction company’s stock, valued at approximately $3,243,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Copia Wealth Management grew its holdings 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 period. SOA Wealth Advisors LLC. lifted its holdings in shares of Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after acquiring an additional 43 shares during the period. Solstein Capital LLC boosted its position in shares of Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares during the last quarter. WPG Advisers LLC purchased a new stake in Quanta Services in the first quarter valued at approximately $31,000. Finally, Ameriflex Group Inc. increased its position in Quanta Services by 93.0% during 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 last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of NYSE PWR opened at $462.15 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $473.99. The company has a market capitalization of $68.92 billion, a price-to-earnings ratio of 68.47, a PEG ratio of 2.60 and a beta of 1.14. The business has a 50-day moving average of $442.18 and a 200-day moving average of $401.99.

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

Insider Activity

In other news, Director Worthing Jackman sold 6,349 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total value of $2,859,907.05. Following the completion of the transaction, the director directly owned 2,730 shares in the company, valued at approximately $1,229,728.50. This represents a 69.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald Wayne sold 14,000 shares of Quanta Services stock in a transaction 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 sale, the executive vice president directly owned 34,575 shares in the company, 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. In the last three months, insiders sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PWR has been the topic of a number of research analyst reports. Argus set a $540.00 price target on shares of Quanta Services in a report on Friday, October 31st. JPMorgan Chase & Co. upgraded Quanta Services from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $457.00 to $515.00 in a report on Monday. Citigroup boosted their price target on Quanta Services from $517.00 to $526.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Stifel Nicolaus set a $495.00 price objective on Quanta Services in a report on Monday, November 3rd. Finally, Roth Capital set a $500.00 price objective on Quanta Services and gave the company a “buy” rating in a research note on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.24.

Quanta Services 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.