Childress Capital Advisors LLC Acquires 8,961 Shares of Quanta Services, Inc. $PWR

Childress Capital Advisors LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 1,454.7% during the third quarter, Holdings Channel reports. The institutional investor owned 9,577 shares of the construction company’s stock after buying an additional 8,961 shares during the quarter. Childress Capital Advisors LLC’s holdings in Quanta Services were worth $3,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PWR. Copia Wealth Management boosted its holdings in Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after buying an additional 43 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Quanta Services in the 2nd quarter worth approximately $26,000. Solstein Capital LLC grew its holdings in shares of Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares in the last quarter. Finally, Ameriflex Group Inc. increased its position in shares of Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Jefferies Financial Group upped their price objective on Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Citigroup boosted their price target 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. Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a report on Friday, October 31st. Evercore ISI boosted their target price on shares of Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Argus set a $540.00 target price on shares of Quanta Services in a research report on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $450.10.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $438.33 on Wednesday. The firm has a market capitalization of $65.36 billion, a PE ratio of 64.94, a P/E/G ratio of 2.12 and a beta of 1.16. 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 company has a 50-day moving average price of $442.72 and a two-hundred day moving average price of $413.02. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $473.99.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The company 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%. Quanta Services’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Insider Buying and Selling

In other news, EVP Donald Wayne sold 14,000 shares of Quanta Services stock in a transaction on 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 in the company, valued at approximately $15,344,730.75. The trade was a 28.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bernard Fried sold 4,000 shares of the stock in a transaction dated 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 sale, the director directly owned 12,493 shares in the company, valued at $5,649,209.67. This trade represents a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,002 shares of company stock valued at $14,295,857 over the last three months. 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.