Caldwell Trust Co Invests $4.32 Million in Quanta Services, Inc. $PWR

Caldwell Trust Co bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,414 shares of the construction company’s stock, valued at approximately $4,315,000.

Several other institutional investors have also added to or reduced their stakes in PWR. Copia Wealth Management raised 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 worth $25,000 after purchasing an additional 56 shares during the period. SOA Wealth Advisors LLC. increased its position in Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after buying an additional 43 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Quanta Services in the second quarter worth about $26,000. Solstein Capital LLC lifted its position in shares of Quanta Services by 185.7% during the 2nd 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, WPG Advisers LLC purchased a new stake in Quanta Services in the 1st quarter worth approximately $31,000. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PWR shares. Robert W. Baird set a $490.00 price target on shares of Quanta Services in a report on Friday, October 31st. Citigroup lifted their target price on shares of Quanta Services from $517.00 to $526.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a research note on Monday, December 8th. The Goldman Sachs Group set a $495.00 price objective on Quanta Services in a research report on Monday, November 24th. Finally, Roth Capital set a $500.00 target price on Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $449.24.

Quanta Services Trading Down 6.3%

Shares of PWR stock opened at $437.55 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $65.25 billion, a price-to-earnings ratio of 64.82, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $473.99. The stock’s 50-day moving average price is $443.42 and its 200-day moving average price is $404.02.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.09. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, EVP Donald Wayne sold 14,000 shares of Quanta Services 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 transaction, the executive vice president directly owned 34,575 shares of the company’s stock, valued at $15,344,730.75. This trade represents a 28.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction dated 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 sale, the insider owned 19,960 shares in the company, valued at approximately $8,903,756.80. This trade represents a 27.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,002 shares of company stock worth $14,295,857 over the last three months. 1.10% of the stock is owned by company insiders.

About Quanta Services

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.