Guided Capital Wealth Management LLC Makes New $1.86 Million Investment in Quanta Services, Inc. $PWR

Guided Capital Wealth Management LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, Holdings Channel reports. The firm bought 4,497 shares of the construction company’s stock, valued at approximately $1,864,000. Quanta Services comprises 1.6% of Guided Capital Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other large investors have also recently made changes to their positions in PWR. Brighton Jones LLC bought a new stake in Quanta Services in the 4th quarter worth approximately $298,000. Brooklyn Investment Group boosted its stake in shares of Quanta Services by 25.0% in the 1st quarter. Brooklyn Investment Group now owns 615 shares of the construction company’s stock worth $156,000 after buying an additional 123 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Quanta Services by 10.5% in the first quarter. Wellington Management Group LLP now owns 1,193 shares of the construction company’s stock worth $303,000 after acquiring an additional 113 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Quanta Services by 3.0% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,518 shares of the construction company’s stock valued at $894,000 after acquiring an additional 104 shares during the last quarter. Finally, GM Advisory Group LLC bought a new position in Quanta Services in the first quarter valued at about $548,000. 90.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a research note on Monday. Citigroup boosted their target price on shares of Quanta Services from $517.00 to $526.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Robert W. Baird set a $490.00 price target on shares of Quanta Services in a research report on Friday, October 31st. Stifel Nicolaus set a $495.00 price objective on shares of Quanta Services in a research report on Monday, November 3rd. Finally, Argus set a $540.00 target price on Quanta Services in a report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.24.

Insiders Place Their Bets

In other Quanta Services news, Director Bernard Fried sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $452.19, for a total value of $1,808,760.00. Following the completion of the transaction, the director directly 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 document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $3,413,850.24. Following the transaction, the insider owned 19,960 shares of the company’s stock, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 32,002 shares of company stock worth $14,295,857. 1.10% of the stock is currently owned by insiders.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $421.16 on Friday. The stock has a market cap of $62.80 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 2.35 and a beta of 1.14. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $473.99. The firm has a fifty day moving average price of $443.13 and a 200-day moving average price of $405.54. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30.

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. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The company had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the previous year, the company earned $2.72 EPS. Quanta Services’s revenue for the quarter was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

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.