Flputnam Investment Management Co. Has $1.65 Million Stock Holdings in Quanta Services, Inc. $PWR

Flputnam Investment Management Co. lifted its position in Quanta Services, Inc. (NYSE:PWR) by 83.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,975 shares of the construction company’s stock after buying an additional 1,810 shares during the quarter. Flputnam Investment Management Co.’s holdings in Quanta Services were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Copia Wealth Management lifted its position 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 acquiring an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the 2nd quarter worth about $26,000. Solstein Capital LLC boosted its stake in Quanta Services by 185.7% during 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, WPG Advisers LLC bought a new position in Quanta Services in the 1st quarter worth approximately $31,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $433.08 on Tuesday. The firm has a market cap of $64.58 billion, a P/E ratio of 64.16, a price-to-earnings-growth ratio of 2.42 and a beta of 1.14. The firm’s 50-day simple moving average is $443.34 and its 200-day simple moving average is $407.30. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $473.99. 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 announced its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. The firm 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 company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PWR shares. Truist Financial increased their price objective on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $495.00 price target on shares of Quanta Services in a report on Monday, November 24th. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Stifel Nicolaus set a $495.00 target price on shares of Quanta Services in a research note on Monday, November 3rd. Finally, Argus set a $540.00 target price on Quanta Services in a research report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $450.10.

Insider Buying and Selling

In related news, Director Worthing Jackman sold 6,349 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total value of $2,859,907.05. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bernard Fried sold 4,000 shares of the stock in a transaction on 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 transaction, the director owned 12,493 shares of the company’s stock, valued at $5,649,209.67. This represents a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,002 shares of company stock worth $14,295,857 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.