Hershey Financial Advisers LLC Invests $2 Million in Quanta Services, Inc. $PWR

Hershey Financial Advisers LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the second quarter, according to its most recent filing with the SEC. The fund acquired 5,296 shares of the construction company’s stock, valued at approximately $2,002,000. Quanta Services accounts for approximately 1.8% of Hershey Financial Advisers LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other large investors have also added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new stake in shares of Quanta Services during the second quarter valued at about $144,000. Second Line Capital LLC grew its stake in Quanta Services by 4.4% during the second quarter. Second Line Capital LLC now owns 10,082 shares of the construction company’s stock valued at $3,812,000 after acquiring an additional 423 shares in the last quarter. National Bank of Canada FI lifted its stake in Quanta Services by 11.7% in the 2nd quarter. National Bank of Canada FI now owns 217,683 shares of the construction company’s stock worth $82,269,000 after purchasing an additional 22,879 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Quanta Services in the 2nd quarter valued at $166,000. Finally, Corient Private Wealth LLC grew its position in shares of Quanta Services by 1.1% during the 2nd quarter. Corient Private Wealth LLC now owns 488,731 shares of the construction company’s stock valued at $184,786,000 after purchasing an additional 5,114 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 business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total value of $2,859,907.05. Following the completion of the sale, the director owned 2,730 shares of the company’s stock, valued at approximately $1,229,728.50. The trade was a 69.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 19,960 shares in the company, valued at approximately $8,903,756.80. The trade was a 27.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,002 shares of company stock worth $14,295,857 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Quanta Services Stock Down 6.3%

Shares of NYSE PWR opened at $437.55 on Friday. The stock has a market capitalization of $65.25 billion, a P/E ratio of 64.82, a PEG ratio of 2.48 and a beta of 1.14. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $473.99. The firm’s 50 day simple moving average is $443.42 and its two-hundred day simple moving average is $403.57. 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 announced its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the business posted $2.72 EPS. The business’s quarterly 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, analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PWR has been the subject of several research analyst reports. 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. Mizuho set a $415.00 price target on Quanta Services in a research report on Tuesday, October 28th. The Goldman Sachs Group set a $495.00 price objective on shares of Quanta Services in a research report on Monday, November 24th. JPMorgan Chase & Co. upgraded shares of 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 research report on Monday, December 8th. Finally, Robert W. Baird set a $490.00 price target on shares of Quanta Services in a report on Friday, October 31st. Fourteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and an average price target of $449.24.

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.