Quanta Services, Inc. $PWR Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 17.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,401 shares of the construction company’s stock after purchasing an additional 15,388 shares during the quarter. Calamos Advisors LLC’s holdings in Quanta Services were worth $43,680,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Petros Family Wealth LLC grew its holdings in Quanta Services by 2.2% during the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after buying an additional 24 shares during the last quarter. Old Port Advisors lifted its position in shares of Quanta Services by 0.7% in the second quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock valued at $1,491,000 after acquiring an additional 26 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in shares of Quanta Services by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock valued at $851,000 after acquiring an additional 26 shares during the last quarter. Carr Financial Group Corp increased its position in Quanta Services by 1.8% during the 3rd quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock worth $610,000 after purchasing an additional 26 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in Quanta Services by 1.0% in the 3rd quarter. Archford Capital Strategies LLC now owns 2,748 shares of the construction company’s stock valued at $1,139,000 after purchasing an additional 28 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $428.76 on Wednesday. The business’s 50-day simple moving average is $442.81 and its 200 day simple moving average is $410.52. The company has a market cap of $63.94 billion, a P/E ratio of 63.52, a PEG ratio of 2.44 and a beta of 1.14. 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, Inc. has a one year low of $227.08 and a one year high of $473.99.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.09. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. Quanta Services’s revenue for the quarter was up 17.5% on a year-over-year basis. 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. On average, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Bernard Fried sold 4,000 shares of Quanta Services stock in a transaction 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 sale, the director owned 12,493 shares of the company’s stock, valued at $5,649,209.67. The trade was a 24.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $2,859,907.05. Following the completion of the transaction, the director owned 2,730 shares in the company, valued at $1,229,728.50. This represents a 69.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,002 shares of company stock valued at $14,295,857 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PWR shares. Roth Capital set a $500.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein decreased their target price on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a research report on Friday, December 19th. Truist Financial boosted their price target on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Evercore ISI increased their price target on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Quanta Services in a research report on Monday. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $450.10.

Quanta Services Company 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.