Quanta Services, Inc. $PWR Shares Purchased by TruWealth Advisors LLC

TruWealth Advisors LLC grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 24.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,240 shares of the construction company’s stock after acquiring an additional 12,441 shares during the quarter. Quanta Services comprises about 1.3% of TruWealth Advisors LLC’s investment portfolio, making the stock its 21st largest holding. TruWealth Advisors LLC’s holdings in Quanta Services were worth $26,208,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Copia Wealth Management increased its stake in shares of Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after purchasing an additional 56 shares during the period. Darwin Wealth Management LLC acquired a new position in Quanta Services during the 2nd quarter worth $26,000. SOA Wealth Advisors LLC. grew its stake in shares of Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares in the last quarter. Solstein Capital LLC increased its holdings in shares of Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. Finally, Ameriflex Group Inc. raised its stake 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 purchasing an additional 40 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Down 0.7%

NYSE:PWR opened at $434.85 on Tuesday. The business’s fifty day moving average price is $443.55 and its 200 day moving average price is $404.69. The firm has a market capitalization of $64.84 billion, a price-to-earnings ratio of 64.42, a PEG ratio of 2.48 and a beta of 1.14. 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 1-year low of $227.08 and a 1-year high of $473.99.

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 the consensus estimate 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 return on equity of 18.74% and a net margin of 3.74%.The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Insider Activity at Quanta Services

In other Quanta Services news, Director Bernard Fried sold 4,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 12,493 shares in the company, valued at $5,649,209.67. This represents a 24.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the transaction, the insider owned 19,960 shares in the company, 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. Insiders have sold a total of 32,002 shares of company stock worth $14,295,857 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PWR shares. Argus set a $540.00 target price on shares of Quanta Services in a research note on Friday, October 31st. JPMorgan Chase & Co. upgraded Quanta Services from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $457.00 to $515.00 in a research report on Monday, December 8th. Truist Financial raised their target price on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Evercore ISI upped their price target on shares of Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Mizuho set a $415.00 price target on Quanta Services in a report on Tuesday, October 28th. Fourteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $449.24.

Quanta Services Company 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.