Quanta Services, Inc. $PWR Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its position in Quanta Services, Inc. (NYSE:PWR) by 17.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 105,401 shares of the construction company’s stock after purchasing an additional 15,388 shares during the period. Calamos Advisors LLC owned 0.07% of Quanta Services worth $43,680,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Freedom Day Solutions LLC purchased a new position in shares of Quanta Services during the second quarter worth approximately $2,465,000. Mediolanum International Funds Ltd boosted its stake in Quanta Services by 15.5% during 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 grew its position in Quanta Services by 4.1% during the 2nd quarter. Choreo LLC now owns 7,734 shares of the construction company’s stock worth $2,924,000 after purchasing an additional 303 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Quanta Services by 59.9% in the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after purchasing an additional 16,637 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Quanta Services by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 606,414 shares of the construction company’s stock valued at $229,273,000 after buying an additional 5,670 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE:PWR opened at $428.76 on Wednesday. The firm’s fifty day simple moving average is $442.81 and its 200-day simple moving average is $410.52. 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 $63.94 billion, a PE ratio of 63.52, a price-to-earnings-growth ratio of 2.44 and a beta of 1.14. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $473.99.

Quanta Services (NYSE:PWR) last released 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 net margin of 3.74% and a return on equity of 18.74%. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the firm earned $2.72 earnings per share. The firm’s 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. Analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Insider Transactions at Quanta Services

In other Quanta Services news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total value of $3,413,850.24. Following the sale, the insider owned 19,960 shares of the company’s stock, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Worthing Jackman sold 6,349 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total value of $2,859,907.05. Following the completion of the transaction, the director owned 2,730 shares of the company’s stock, valued at approximately $1,229,728.50. This represents a 69.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,002 shares of company stock worth $14,295,857 over the last quarter. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of research reports. Evercore ISI raised their price target on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Sanford C. Bernstein dropped their target price on Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a report on Friday, December 19th. JPMorgan Chase & Co. raised Quanta Services from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $457.00 to $515.00 in a report on Monday, December 8th. Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a research note on Friday, October 31st. Finally, Roth Capital set a $500.00 price objective on shares of Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus target price of $450.10.

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.