Quanta Services, Inc. $PWR Position Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in Quanta Services, Inc. (NYSE:PWR) by 13.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 34,106 shares of the construction company’s stock after selling 5,252 shares during the period. Nisa Investment Advisors LLC’s holdings in Quanta Services were worth $14,134,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PWR. Copia Wealth Management raised its stake 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 acquiring an additional 56 shares during the period. SOA Wealth Advisors LLC. grew its holdings in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after purchasing an additional 43 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services during the 2nd quarter worth approximately $26,000. Solstein Capital LLC lifted its holdings in shares of Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its position in Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Quanta Services

In other news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the company’s stock in a transaction on 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 completion of the sale, the insider owned 19,960 shares in the company, valued at $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Bernard Fried sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $452.19, for a total value of $1,808,760.00. Following the transaction, the director directly owned 12,493 shares of the company’s stock, valued at $5,649,209.67. This represents a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is currently owned by company insiders.

Quanta Services Stock Performance

PWR stock opened at $422.43 on Friday. The company has a 50-day simple moving average of $441.14 and a 200 day simple moving average of $413.58. The company has a market capitalization of $62.99 billion, a P/E ratio of 62.58, a PEG ratio of 2.01 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. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $473.99.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. The company had revenue of $7.63 billion for 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 was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Sell-side analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Evercore ISI upped their price objective on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. The Goldman Sachs Group set a $495.00 price target on shares of Quanta Services in a research report on Monday, November 24th. Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a report on Friday, October 31st. Sanford C. Bernstein reduced their target price 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, Weiss Ratings restated a “hold (c+)” rating on shares of Quanta Services in a research report on Monday, December 29th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $450.10.

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.