Quanta Services, Inc. $PWR Position Lifted by DSG Capital Advisors LLC

DSG Capital Advisors LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 11.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 17,564 shares of the construction company’s stock after purchasing an additional 1,862 shares during the quarter. Quanta Services makes up about 1.2% of DSG Capital Advisors LLC’s holdings, making the stock its 26th largest position. DSG Capital Advisors LLC’s holdings in Quanta Services were worth $7,279,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank bought a new stake in Quanta Services in the second quarter valued at about $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Quanta Services by 57.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after acquiring an additional 882,209 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after acquiring an additional 416,395 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Quanta Services by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company’s stock valued at $6,713,446,000 after acquiring an additional 339,383 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Quanta Services by 150.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 419,098 shares of the construction company’s stock worth $156,026,000 after purchasing an additional 251,845 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR stock opened at $479.27 on Wednesday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $483.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. The firm has a market capitalization of $71.47 billion, a price-to-earnings ratio of 71.00, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The business has a 50 day simple moving average of $445.49 and a 200 day simple moving average of $420.84.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results 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. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Evercore ISI increased their price objective on shares of Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Stifel Nicolaus lifted their target price on Quanta Services from $495.00 to $517.00 and gave the company a “buy” rating in a research note on Monday. Sanford C. Bernstein dropped their price target on 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. Finally, The Goldman Sachs Group set a $495.00 price objective on Quanta Services in a research report on Monday, November 24th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $462.00.

Insider Activity at Quanta Services

In other Quanta Services news, Director Worthing Jackman sold 6,349 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the transaction, the director owned 2,730 shares of the company’s stock, valued at approximately $1,229,728.50. This trade represents a 69.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 19,960 shares of the company’s stock, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,002 shares of company stock worth $14,295,857. 1.10% of the stock is currently owned by corporate insiders.

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.