Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stock Position in Quanta Services, Inc. $PWR

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 34.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,160 shares of the construction company’s stock after purchasing an additional 7,210 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Quanta Services were worth $11,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Copia Wealth Management grew its position in Quanta Services by 509.1% in the 2nd 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 period. SOA Wealth Advisors LLC. boosted its stake in shares of Quanta Services by 159.3% in 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 during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services in the second quarter worth $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 worth $30,000 after acquiring an additional 52 shares during the period. Finally, Ameriflex Group Inc. increased its position in 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.

Quanta Services Price Performance

NYSE PWR opened at $466.97 on Friday. 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, Inc. has a 12 month low of $227.08 and a 12 month high of $480.93. The stock has a market cap of $69.63 billion, a price-to-earnings ratio of 69.18, a PEG ratio of 2.17 and a beta of 1.16. The company’s 50 day moving average is $441.10 and its two-hundred day moving average is $415.95.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the prior year, the company posted $2.72 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 19,960 shares in the company, valued at $8,903,756.80. The trade was a 27.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $2,859,907.05. Following the sale, the director owned 2,730 shares of the company’s stock, valued at $1,229,728.50. This represents a 69.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,002 shares of company stock valued at $14,295,857 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PWR shares. Argus set a $540.00 price target on Quanta Services in a research note on Friday, October 31st. Jefferies Financial Group dropped their price objective on shares of Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a report on Tuesday. 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 report on Friday, October 31st. Stifel Nicolaus set a $495.00 price target on shares of Quanta Services in a research report on Monday, November 3rd. Finally, Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Fourteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $449.57.

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.