Quanta Services, Inc. (NYSE:PWR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Quanta Services, Inc. (NYSE:PWR) have been given an average rating of “Moderate Buy” by the twenty-five brokerages that are covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $442.3182.

Several research analysts have issued reports on PWR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a report on Monday. Argus set a $540.00 target price on Quanta Services in a report on Friday, October 31st. Stifel Nicolaus set a $495.00 price target on shares of Quanta Services in a research note on Monday, November 3rd. Evercore ISI upped their price objective on shares of Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Quanta Services from $436.00 to $457.00 and gave the company a “neutral” rating in a report on Friday, October 31st.

Insider Buying and Selling

In related 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 completion of the sale, the insider owned 19,960 shares in the company, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bernard Fried sold 4,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total value of $1,808,760.00. Following the completion of the sale, the director directly owned 12,493 shares of the company’s stock, valued at $5,649,209.67. The trade was a 24.25% 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 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Quanta Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Copia Wealth Management grew its position in Quanta Services by 509.1% in 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 in the last quarter. SOA Wealth Advisors LLC. boosted its stake in shares of Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after buying an additional 43 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Quanta Services in the second quarter valued at approximately $26,000. Activest Wealth Management increased its position in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares during the last quarter. Finally, Solstein Capital LLC lifted its holdings in Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 1.9%

NYSE:PWR opened at $464.89 on Friday. Quanta Services has a 12 month low of $227.08 and a 12 month high of $469.43. 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 stock has a market capitalization of $69.32 billion, a price-to-earnings ratio of 68.87, a PEG ratio of 2.59 and a beta of 1.14. The firm has a fifty day simple moving average of $438.31 and a two-hundred day simple moving average of $398.17.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.09. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Analysts expect that Quanta Services will post 9.34 EPS for the current fiscal year.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.