Diversified Trust Co Has $2.27 Million Stock Position in Quanta Services, Inc. $PWR

Diversified Trust Co raised its position in Quanta Services, Inc. (NYSE:PWR) by 482.2% during the third quarter, HoldingsChannel.com reports. The firm owned 5,473 shares of the construction company’s stock after buying an additional 4,533 shares during the quarter. Diversified Trust Co’s holdings in Quanta Services were worth $2,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PWR. Brighton Jones LLC acquired a new position in Quanta Services in the fourth quarter worth approximately $298,000. Wellington Management Group LLP grew its position in Quanta Services by 10.5% in the first quarter. Wellington Management Group LLP now owns 1,193 shares of the construction company’s stock worth $303,000 after acquiring an additional 113 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Quanta Services during the 1st quarter worth $35,000. Evergreen Capital Management LLC raised its holdings in shares of Quanta Services by 5.0% during the 1st quarter. Evergreen Capital Management LLC now owns 1,482 shares of the construction company’s stock valued at $377,000 after purchasing an additional 70 shares in the last quarter. Finally, MAI Capital Management lifted its stake in shares of Quanta Services by 7.9% in the 1st quarter. MAI Capital Management now owns 16,937 shares of the construction company’s stock valued at $4,305,000 after purchasing an additional 1,238 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Down 0.5%

Shares of Quanta Services stock opened at $428.76 on Wednesday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $473.99. The company has a 50-day simple moving average of $442.81 and a 200 day simple moving average of $410.52. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $63.94 billion, a P/E ratio of 63.52, a price-to-earnings-growth ratio of 2.44 and a beta of 1.14.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period last year, the firm posted $2.72 EPS. The business’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 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $6,213,340.00. Following the completion of the transaction, the executive vice president directly owned 34,575 shares of the company’s stock, valued at $15,344,730.75. The trade was a 28.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the stock in a transaction dated 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 sale, the insider directly owned 19,960 shares in the company, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PWR shares. JPMorgan Chase & Co. upgraded Quanta Services from a “neutral” rating to an “overweight” rating and raised their target price for the company from $457.00 to $515.00 in a report on Monday, December 8th. Mizuho set a $415.00 target price on Quanta Services in a report on Tuesday, October 28th. Jefferies Financial Group upped their target price on Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein reduced their price objective on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a research note on Friday, December 19th. Finally, Citigroup upped their price objective on shares of Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $450.10.

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.