Braun Stacey Associates Inc. Has $34.12 Million Holdings in Quanta Services, Inc. $PWR

Braun Stacey Associates Inc. lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 6.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 82,342 shares of the construction company’s stock after selling 6,125 shares during the period. Quanta Services accounts for about 1.1% of Braun Stacey Associates Inc.’s portfolio, making the stock its 23rd largest position. Braun Stacey Associates Inc. owned 0.06% of Quanta Services worth $34,124,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Copia Wealth Management raised 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 purchasing an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after buying an additional 43 shares during the period. Darwin Wealth Management LLC bought a new position in Quanta Services in the second quarter valued at approximately $26,000. Solstein Capital LLC lifted its stake in shares of Quanta Services by 185.7% in 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 during the period. Finally, Ameriflex Group Inc. grew its stake in shares of Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the period. 90.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PWR shares. Mizuho set a $415.00 price objective on shares of Quanta Services in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $457.00 to $515.00 in a research report on Monday, December 8th. The Goldman Sachs Group set a $495.00 price objective on shares of Quanta Services in a research report on Monday, November 24th. Argus set a $540.00 price target on shares of Quanta Services in a research note on Friday, October 31st. Finally, Jefferies Financial Group increased their target price on shares of Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Thirteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $450.10.

Quanta Services Stock Down 1.7%

NYSE PWR opened at $421.58 on Friday. The company has a market cap of $62.87 billion, a price-to-earnings ratio of 62.46, a PEG ratio of 2.39 and a beta of 1.16. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $473.99. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $442.88 and a 200-day moving average of $410.68.

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

Insider Activity at Quanta Services

In other news, EVP Donald Wayne sold 14,000 shares of the company’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 value of $6,213,340.00. Following the completion of the transaction, the executive vice president owned 34,575 shares of the company’s stock, valued at $15,344,730.75. This represents a 28.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Worthing Jackman sold 6,349 shares of the 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 sale, the director owned 2,730 shares of the company’s stock, valued at $1,229,728.50. The trade was a 69.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is currently owned by company insiders.

About Quanta Services

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.