Quanta Services, Inc. $PWR Stock Holdings Lifted by Chilton Capital Management LLC

Chilton Capital Management LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 63.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,536 shares of the construction company’s stock after acquiring an additional 64,560 shares during the quarter. Quanta Services makes up 2.3% of Chilton Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Chilton Capital Management LLC owned 0.11% of Quanta Services worth $69,016,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Freedom Day Solutions LLC purchased a new stake in shares of Quanta Services in the 2nd quarter worth about $2,465,000. Mediolanum International Funds Ltd raised its stake in Quanta Services by 15.5% in the second quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock worth $12,642,000 after buying an additional 4,451 shares in the last quarter. Calamos Advisors LLC lifted its holdings in Quanta Services by 17.1% in the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after buying an additional 15,388 shares during the period. Exchange Traded Concepts LLC boosted its position in Quanta Services by 59.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after acquiring an additional 16,637 shares in the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of Quanta Services by 10.3% during the 3rd quarter. Brookstone Capital Management now owns 34,932 shares of the construction company’s stock worth $14,477,000 after acquiring an additional 3,254 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 transaction of $3,413,850.24. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Donald Wayne sold 14,000 shares of Quanta Services stock in a transaction dated 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 sale, the executive vice president owned 34,575 shares of the company’s stock, valued at $15,344,730.75. The trade was a 28.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 32,002 shares of company stock valued at $14,295,857. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PWR. Truist Financial raised their target price on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Citigroup raised their price objective on Quanta Services from $526.00 to $540.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $457.00 to $515.00 in a research report on Monday, December 8th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Finally, Sanford C. Bernstein dropped their price objective on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a research note on Friday, December 19th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $462.00.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $470.58 on Tuesday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $483.29. The firm’s 50-day moving average is $444.69 and its 200 day moving average is $420.17. The stock has a market cap of $70.17 billion, a price-to-earnings ratio of 69.72, a PEG ratio of 2.27 and a beta of 1.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share (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 analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

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.