Quanta Services, Inc. $PWR Shares Purchased by Choreo LLC

Choreo LLC grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,734 shares of the construction company’s stock after purchasing an additional 303 shares during the period. Choreo LLC’s holdings in Quanta Services were worth $2,924,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Copia Wealth Management lifted its stake 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 acquiring an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. grew 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 acquiring an additional 43 shares in the last quarter. Solstein Capital LLC increased its stake in Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares during the period. WPG Advisers LLC acquired a new stake in shares of Quanta Services during the first quarter worth about $31,000. Finally, Ameriflex Group Inc. boosted its stake in shares of Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PWR has been the subject of a number of research reports. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Mizuho set a $415.00 price target on shares of Quanta Services in a research note on Tuesday, October 28th. Argus set a $540.00 price objective on Quanta Services in a research note on Friday, October 31st. Robert W. Baird set a $490.00 target price on Quanta Services in a report on Friday, October 31st. Finally, Truist Financial upped their price target on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $442.32.

Insider Activity

In related news, EVP Donald Wayne sold 14,000 shares of Quanta Services stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $443.81, for a total value 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. The trade was a 28.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total value of $3,413,850.24. Following the completion of the transaction, the insider owned 19,960 shares of the company’s stock, valued at $8,903,756.80. The trade was a 27.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,002 shares of company stock worth $14,295,857 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE PWR opened at $460.58 on Friday. The stock’s 50-day simple moving average is $431.99 and its 200-day simple moving average is $394.09. The firm has a market capitalization of $68.68 billion, a PE ratio of 71.30, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $469.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37.

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. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. Quanta Services’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

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.