Baldwin Wealth Partners LLC MA Takes Position in Quanta Services, Inc. $PWR

Baldwin Wealth Partners LLC MA purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,252 shares of the construction company’s stock, valued at approximately $9,222,000.

Several other institutional investors have also bought and sold shares of the business. Old Port Advisors raised its position in shares of Quanta Services by 0.7% during the 2nd quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock valued at $1,491,000 after buying an additional 26 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in Quanta Services by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock valued at $851,000 after purchasing an additional 26 shares during the period. Carr Financial Group Corp lifted its stake in shares of Quanta Services by 1.8% in the 3rd quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock valued at $610,000 after purchasing an additional 26 shares during the last quarter. RiverPark Advisors LLC boosted its holdings in shares of Quanta Services by 29.3% in the 2nd quarter. RiverPark Advisors LLC now owns 128 shares of the construction company’s stock worth $48,000 after purchasing an additional 29 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of Quanta Services by 0.6% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 5,111 shares of the construction company’s stock valued at $2,118,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a research note on Friday, October 31st. Sanford C. Bernstein dropped their price objective on Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a research note on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a report on Monday, December 15th. Mizuho set a $415.00 price objective on Quanta Services in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised Quanta Services from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $457.00 to $515.00 in a research report on Monday, December 8th. Fourteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $450.10.

Quanta Services Stock Performance

Shares of PWR stock opened at $426.50 on Monday. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $473.99. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66. The stock has a market cap of $63.60 billion, a PE ratio of 63.19, a price-to-earnings-growth ratio of 2.42 and a beta of 1.14. The business has a 50-day simple moving average of $443.31 and a 200-day simple moving average of $406.78.

Quanta Services (NYSE:PWR) last announced 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 company 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%.Quanta Services’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the business earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Insider Activity

In related news, Director Bernard Fried sold 4,000 shares of Quanta Services stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $452.19, for a total value of $1,808,760.00. Following the completion of the transaction, the director owned 12,493 shares in the company, valued at $5,649,209.67. The trade was a 24.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Worthing Jackman sold 6,349 shares of the stock in a transaction that occurred on 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 transaction, the director owned 2,730 shares in the company, valued at $1,229,728.50. This represents a 69.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is currently owned by corporate insiders.

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.