Brookstone Capital Management Increases Holdings in Quanta Services, Inc. $PWR

Brookstone Capital Management raised its position in Quanta Services, Inc. (NYSE:PWR) by 10.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,932 shares of the construction company’s stock after acquiring an additional 3,254 shares during the quarter. Brookstone Capital Management’s holdings in Quanta Services were worth $14,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PWR. Freedom Day Solutions LLC bought a new position in shares of Quanta Services during the 2nd quarter valued at about $2,465,000. Mediolanum International Funds Ltd boosted its holdings in shares of Quanta Services by 15.5% in the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock worth $12,642,000 after purchasing an additional 4,451 shares during the period. Choreo LLC increased its position in Quanta Services by 4.1% during the second quarter. Choreo LLC now owns 7,734 shares of the construction company’s stock valued at $2,924,000 after acquiring an additional 303 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Quanta Services by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 606,414 shares of the construction company’s stock valued at $229,273,000 after purchasing an additional 5,670 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in Quanta Services in the fourth quarter worth about $298,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 0.4%

Shares of NYSE:PWR opened at $433.58 on Friday. The company has a market capitalization of $64.66 billion, a PE ratio of 64.23, a P/E/G ratio of 2.46 and a beta of 1.14. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $473.99. The business’s fifty day simple moving average is $443.23 and its 200-day simple moving average is $408.18.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate 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 company earned $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 predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PWR shares. Argus set a $540.00 target price on Quanta Services in a research note on Friday, October 31st. Citigroup raised their price target on shares of Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $457.00 to $515.00 in a research report on Monday, December 8th. Jefferies Financial Group raised their target price on shares of Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Robert W. Baird set a $490.00 price target on shares of Quanta Services in a research note on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $450.10.

Insider Activity

In related news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were 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 of the company’s stock, valued at $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bernard Fried sold 4,000 shares of Quanta Services stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the completion of the transaction, the director directly owned 12,493 shares in the company, valued at $5,649,209.67. This represents a 24.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 32,002 shares of company stock worth $14,295,857. Insiders own 1.10% of the company’s stock.

Quanta Services 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.