Quanta Services, Inc. $PWR is Energy Income Partners LLC’s 9th Largest Position

Energy Income Partners LLC increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 327,716 shares of the construction company’s stock after acquiring an additional 18,861 shares during the period. Quanta Services makes up about 2.4% of Energy Income Partners LLC’s holdings, making the stock its 9th biggest position. Energy Income Partners LLC owned 0.22% of Quanta Services worth $123,903,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Quanta Services in the fourth quarter worth $298,000. HighTower Advisors LLC increased its stake in Quanta Services by 19.0% in the 1st quarter. HighTower Advisors LLC now owns 131,277 shares of the construction company’s stock worth $33,368,000 after acquiring an additional 20,994 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Quanta Services by 6.9% in the 1st quarter. Russell Investments Group Ltd. now owns 73,895 shares of the construction company’s stock valued at $18,786,000 after acquiring an additional 4,769 shares in the last quarter. National Pension Service raised its holdings in shares of Quanta Services by 14.0% in the 1st quarter. National Pension Service now owns 195,382 shares of the construction company’s stock valued at $49,662,000 after acquiring an additional 23,991 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Quanta Services by 6.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,122 shares of the construction company’s stock worth $1,302,000 after purchasing an additional 309 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Evercore ISI lifted their price objective on shares of Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Stifel Nicolaus set a $495.00 target price on Quanta Services in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a research report on Monday. Fourteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $449.24.

Quanta Services Stock Performance

NYSE PWR opened at $437.55 on Friday. The company has a 50-day simple moving average of $443.42 and a two-hundred day simple moving average of $403.15. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $473.99. The firm has a market cap of $65.25 billion, a price-to-earnings ratio of 64.82, a PEG ratio of 2.65 and a beta of 1.14. 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 (NYSE:PWR) last released its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating 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%.Quanta Services’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Insider Buying and Selling

In other Quanta Services news, EVP Donald Wayne sold 14,000 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total transaction of $6,213,340.00. Following the completion of the sale, the executive vice president owned 34,575 shares of the company’s stock, valued at $15,344,730.75. This represents a 28.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director owned 12,493 shares in the company, valued at $5,649,209.67. The trade was a 24.25% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,002 shares of company stock worth $14,295,857. 1.10% of the stock is owned by company insiders.

Quanta Services Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.