Apollon Wealth Management LLC Has $2.41 Million Stake in Quanta Services, Inc. $PWR

Apollon Wealth Management LLC reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 19.3% in the third quarter, HoldingsChannel.com reports. The fund owned 5,817 shares of the construction company’s stock after selling 1,389 shares during the quarter. Apollon Wealth Management LLC’s holdings in Quanta Services were worth $2,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Quanta Services in the fourth quarter worth approximately $298,000. Wellington Management Group LLP raised its position in shares of Quanta Services by 10.5% during the first quarter. Wellington Management Group LLP now owns 1,193 shares of the construction company’s stock worth $303,000 after purchasing an additional 113 shares during the period. AlphaQuest LLC bought a new position in shares of Quanta Services in the 1st quarter worth $35,000. CreativeOne Wealth LLC grew its position in Quanta Services by 12.4% in the 1st quarter. CreativeOne Wealth LLC now owns 2,387 shares of the construction company’s stock valued at $607,000 after purchasing an additional 264 shares during the period. Finally, WPG Advisers LLC bought a new stake in Quanta Services during the 1st quarter valued at $31,000. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings lowered Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 22nd. Robert W. Baird set a $490.00 target price on Quanta Services in a report on Friday, October 31st. Evercore ISI lifted their target price on Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Sanford C. Bernstein cut 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 report on Friday, December 19th. 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, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $450.10.

Quanta Services Trading Down 0.4%

NYSE:PWR opened at $430.83 on Tuesday. The firm’s 50 day moving average is $442.98 and its 200 day moving average is $410.02. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $473.99. The stock has a market capitalization of $64.25 billion, a PE ratio of 63.83, a price-to-earnings-growth ratio of 2.45 and a beta of 1.14. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.24 by $0.09. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the firm earned $2.72 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Insider Buying and Selling

In other Quanta Services news, 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 transaction of $6,213,340.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Worthing Jackman sold 6,349 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the completion of the sale, the director directly owned 2,730 shares in the company, valued at approximately $1,229,728.50. The trade was a 69.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 32,002 shares of company stock worth $14,295,857. Insiders own 1.10% of the company’s stock.

Quanta Services Profile

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.