Thrivent Financial for Lutherans Has $134.73 Million Stake in Quanta Services, Inc. $PWR

Thrivent Financial for Lutherans cut its stake in Quanta Services, Inc. (NYSE:PWR) by 17.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 356,431 shares of the construction company’s stock after selling 75,432 shares during the period. Thrivent Financial for Lutherans’ holdings in Quanta Services were worth $134,725,000 as of its most recent filing with the Securities and Exchange Commission.

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

Quanta Services Stock Performance

Shares of PWR opened at $437.55 on Friday. The company has a market cap of $65.25 billion, a PE ratio of 64.82, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. The firm has a 50-day moving average of $443.42 and a 200-day moving average of $403.57. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $473.99. 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 (NYSE:PWR) last issued its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.09. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the business posted $2.72 EPS. Quanta Services’s revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PWR. Argus set a $540.00 price objective on shares of Quanta Services in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a research report on Monday, December 8th. Roth Capital set a $500.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 31st. Mizuho set a $415.00 price objective on shares of Quanta Services in a research note on Tuesday, October 28th. Finally, Citigroup lifted their target price on Quanta Services from $517.00 to $526.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $449.24.

Insiders Place Their Bets

In other news, insider Gerald A. Ducey, Jr. sold 7,653 shares of Quanta Services stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the completion of the transaction, the insider directly owned 19,960 shares in the company, valued at approximately $8,903,756.80. The trade was a 27.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Donald Wayne sold 14,000 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total value of $6,213,340.00. Following the completion of the sale, the executive vice president owned 34,575 shares in the company, valued at approximately $15,344,730.75. This trade represents a 28.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is owned by insiders.

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.