Bedrijfstakpensioenfonds Voor DE Media PNO Takes Position in Quanta Services, Inc. $PWR

Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the third quarter, Holdings Channel reports. The firm acquired 17,000 shares of the construction company’s stock, valued at approximately $7,045,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Quanta Services during the 2nd quarter valued at $675,802,000. Kingstone Capital Partners Texas LLC bought a new position in Quanta Services during the second quarter valued at about $650,960,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Quanta Services by 57.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after acquiring an additional 882,209 shares during the period. Amundi raised its position in Quanta Services by 188.3% in the first quarter. Amundi now owns 1,206,577 shares of the construction company’s stock worth $304,139,000 after acquiring an additional 788,079 shares in the last quarter. Finally, Select Equity Group L.P. lifted its holdings in Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after acquiring an additional 416,395 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PWR has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Mizuho set a $415.00 price target on shares of Quanta Services in a research report on Tuesday, October 28th. Sanford C. Bernstein cut their price objective on Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a research report on Friday, December 19th. Argus set a $540.00 target price on Quanta Services in a report on Friday, October 31st. Finally, Stifel Nicolaus set a $495.00 target price on Quanta Services in a report on Monday, November 3rd. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $450.10.

Insider Transactions at Quanta Services

In related news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total value of $3,413,850.24. Following the completion of the sale, the insider owned 19,960 shares of the company’s stock, valued at approximately $8,903,756.80. The trade was a 27.72% decrease in their position. 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 firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the transaction, the director directly owned 12,493 shares in the company, valued at approximately $5,649,209.67. The trade was a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,002 shares of company stock valued at $14,295,857 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $432.76 on Friday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week 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. The company has a market capitalization of $64.53 billion, a PE ratio of 64.11, a PEG ratio of 2.45 and a beta of 1.14. The company’s 50 day moving average price is $443.19 and its 200 day moving average price is $409.14.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.24 by $0.09. The business had revenue of $7.63 billion for 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%. During the same period in the previous year, the company posted $2.72 EPS. Quanta Services’s revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Research analysts expect 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.