Corient Private Wealth LLC Buys 5,113 Shares of Quanta Services, Inc. $PWR

Corient Private Wealth LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 488,730 shares of the construction company’s stock after buying an additional 5,113 shares during the period. Corient Private Wealth LLC owned about 0.33% of Quanta Services worth $184,779,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in PWR. Copia Wealth Management grew its holdings 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 during the period. SOA Wealth Advisors LLC. raised its position in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services in the second quarter valued at approximately $26,000. Solstein Capital LLC increased its holdings in Quanta Services by 185.7% during the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Finally, WPG Advisers LLC acquired a new stake in Quanta Services in the 1st quarter valued at approximately $31,000. Institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

PWR has been the topic of several analyst reports. 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. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $457.00 to $515.00 in a research report on Monday, December 8th. Jefferies Financial Group boosted their price target on Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Robert W. Baird set a $490.00 target price on shares of Quanta Services in a report on Friday, October 31st. Finally, Mizuho set a $415.00 price objective on shares of Quanta Services in a research report on Tuesday, October 28th. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $449.24.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $437.55 on Monday. The stock has a market cap of $65.25 billion, a price-to-earnings ratio of 64.82, a P/E/G ratio of 2.48 and a beta of 1.14. The company’s fifty day moving average is $443.42 and its 200 day moving average is $404.02. 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, Inc. has a twelve month low of $227.08 and a twelve month high of $473.99.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the firm earned $2.72 earnings per share. The firm’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. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Insider Activity

In related news, EVP Donald Wayne sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $443.81, for a total transaction of $6,213,340.00. Following the completion of the sale, the executive vice president owned 34,575 shares of the company’s stock, valued at $15,344,730.75. This trade represents a 28.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,002 shares of company stock worth $14,295,857 in the last three months. Corporate insiders own 1.10% of the company’s stock.

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.