Quanta Services, Inc. $PWR Shares Bought by DSG Capital Advisors LLC

DSG Capital Advisors LLC grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,564 shares of the construction company’s stock after purchasing an additional 1,862 shares during the quarter. Quanta Services makes up about 1.2% of DSG Capital Advisors LLC’s investment portfolio, making the stock its 26th biggest position. DSG Capital Advisors LLC’s holdings in Quanta Services were worth $7,279,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Petros Family Wealth LLC grew its holdings in Quanta Services by 2.2% in the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after buying an additional 24 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in shares of Quanta Services by 1.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock worth $851,000 after acquiring an additional 26 shares during the last quarter. Carr Financial Group Corp grew its holdings in Quanta Services by 1.8% in the third quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock valued at $610,000 after purchasing an additional 26 shares during the period. Kathmere Capital Management LLC increased its position in Quanta Services by 2.8% during the third quarter. Kathmere Capital Management LLC now owns 961 shares of the construction company’s stock worth $398,000 after purchasing an additional 26 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its stake in Quanta Services by 1.0% during the third quarter. Archford Capital Strategies LLC now owns 2,748 shares of the construction company’s stock worth $1,139,000 after purchasing an additional 28 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Quanta Services stock opened at $479.27 on Wednesday. The firm has a market capitalization of $71.47 billion, a PE ratio of 71.00, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $483.75. The stock’s 50 day moving average price is $445.49 and its 200 day moving average price is $420.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) 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 analyst estimates of $7.41 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, sell-side analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus upped their price objective on Quanta Services from $495.00 to $517.00 and gave the stock a “buy” rating in a report on Monday. Roth Mkm set a $500.00 price target on Quanta Services and gave the stock a “buy” rating in a research note on Friday, October 31st. Robert W. Baird set a $490.00 price objective on Quanta Services in a research note on Friday, October 31st. Cantor Fitzgerald assumed coverage on shares of Quanta Services in a research report on Friday. They set an “overweight” rating and a $520.00 target price for the company. Finally, Sanford C. Bernstein cut their price target on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a report on Friday, December 19th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

Insider Activity

In related news, Director Bernard Fried sold 4,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $452.19, for a total value of $1,808,760.00. Following the completion of the transaction, the director owned 12,493 shares of the company’s stock, valued at approximately $5,649,209.67. This represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 sale, the executive vice president owned 34,575 shares of the company’s stock, valued at approximately $15,344,730.75. This trade represents a 28.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 32,002 shares of company stock worth $14,295,857. 1.10% of the stock is owned by corporate 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.