Lmcg Investments LLC Sells 1,532 Shares of Quanta Services, Inc. $PWR

Lmcg Investments LLC lessened its position in shares of Quanta Services, Inc. (NYSE:PWR) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,642 shares of the construction company’s stock after selling 1,532 shares during the period. Quanta Services makes up approximately 1.1% of Lmcg Investments LLC’s investment portfolio, making the stock its 23rd largest position. Lmcg Investments LLC’s holdings in Quanta Services were worth $18,086,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Copia Wealth Management increased its position in Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after buying an additional 56 shares during the period. SOA Wealth Advisors LLC. boosted its holdings 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 purchasing an additional 43 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the 2nd quarter worth approximately $26,000. Solstein Capital LLC raised 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 valued at $30,000 after buying an additional 52 shares in the last quarter. Finally, Ameriflex Group Inc. grew 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 buying an additional 40 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Insider Buying and Selling

In other news, Director Worthing Jackman sold 6,349 shares of the stock in a transaction 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 completion of the sale, the director directly owned 2,730 shares in the company, valued at $1,229,728.50. This represents a 69.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the completion of the transaction, the director owned 12,493 shares in the company, valued at approximately $5,649,209.67. The trade was a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 32,002 shares of company stock worth $14,295,857. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Citigroup increased their target price on Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Truist Financial increased their price objective on shares of Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Stifel Nicolaus set a $495.00 target price on shares of Quanta Services in a research report on Monday, November 3rd. Sanford C. Bernstein reduced their price target on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a research report on Friday, December 19th. Finally, Argus set a $540.00 price objective on shares of Quanta Services in a research report on Friday, October 31st. Fourteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $449.57.

Quanta Services Trading Up 4.3%

Shares of PWR stock opened at $466.97 on Friday. The stock’s fifty day simple moving average is $441.10 and its 200 day simple moving average is $416.26. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $480.93. The firm has a market capitalization of $69.63 billion, a P/E ratio of 69.18, a P/E/G ratio of 2.26 and a beta of 1.16. 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 (NYSE:PWR) last released its quarterly earnings data 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 return on equity of 18.74% and a net margin of 3.74%.The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the firm posted $2.72 earnings per share. 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. As a group, sell-side analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Company 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.