Bedrijfstakpensioenfonds Voor DE Media PNO Purchases New Position in Quanta Services, Inc. $PWR

Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,000 shares of the construction company’s stock, valued at approximately $7,045,000.

A number of other large investors have also modified their holdings of PWR. Copia Wealth Management lifted its position 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 in the last quarter. SOA Wealth Advisors LLC. lifted 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 in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Quanta Services in the second quarter valued at $26,000. Solstein Capital LLC grew 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 valued at $30,000 after purchasing an additional 52 shares in the last quarter. Finally, WPG Advisers LLC purchased a new stake in Quanta Services during the 1st quarter worth $31,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus set a $495.00 target price on Quanta Services in a research report on Monday, November 3rd. Truist Financial boosted their target price on shares of Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings lowered shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 22nd. Wall Street Zen downgraded Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, The Goldman Sachs Group set a $495.00 price objective on Quanta Services in a report on Monday, November 24th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $450.10.

Quanta Services Stock Performance

PWR stock opened at $432.76 on Friday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $473.99. The stock has a market capitalization of $64.53 billion, a price-to-earnings ratio of 64.11, a PEG ratio of 2.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. The stock’s fifty day moving average is $443.19 and its two-hundred day moving average is $409.14.

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

Insider Activity

In other news, Director Worthing Jackman sold 6,349 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the completion of the transaction, the director directly owned 2,730 shares in the company, valued at approximately $1,229,728.50. The trade was a 69.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Donald Wayne sold 14,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 34,575 shares in the company, valued at approximately $15,344,730.75. This represents a 28.82% 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 over the last ninety days. 1.10% of the stock is owned by company 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.