Signal Advisors Wealth LLC Purchases 7,547 Shares of Quanta Services, Inc. $PWR

Signal Advisors Wealth LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 38.8% in the third quarter, Holdings Channel reports. The fund owned 27,019 shares of the construction company’s stock after acquiring an additional 7,547 shares during the period. Quanta Services accounts for about 1.0% of Signal Advisors Wealth LLC’s portfolio, making the stock its 21st biggest position. Signal Advisors Wealth LLC’s holdings in Quanta Services were worth $11,197,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Copia Wealth Management increased its position in shares of 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 in the last quarter. SOA Wealth Advisors LLC. lifted its position in Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after acquiring an additional 43 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Quanta Services in the 2nd quarter worth $26,000. Solstein Capital LLC raised its stake 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 valued at $30,000 after purchasing an additional 52 shares during the period. Finally, WPG Advisers LLC bought a new stake in shares of Quanta Services in the first quarter valued at about $31,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR stock opened at $426.50 on Friday. The business has a fifty day simple moving average of $443.31 and a 200 day simple moving average of $406.10. The company has a market cap of $63.60 billion, a P/E ratio of 63.19, a P/E/G ratio of 2.39 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, Inc. has a twelve month low of $227.08 and a twelve month high of $473.99.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.24 by $0.09. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the firm earned $2.72 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. 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 EPS for the current fiscal year.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the company’s stock in a transaction dated 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 sale, the insider owned 19,960 shares in the company, valued at approximately $8,903,756.80. The trade was a 27.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bernard Fried sold 4,000 shares of the 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 completion of the sale, the director directly owned 12,493 shares of the company’s stock, valued at approximately $5,649,209.67. The trade was a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 32,002 shares of company stock worth $14,295,857. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Citigroup increased their target price on shares of Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Mizuho set a $415.00 price target on shares of Quanta Services in a research note on Tuesday, October 28th. Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. raised Quanta Services from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $457.00 to $515.00 in a research report on Monday, December 8th. Fourteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $450.10.

About Quanta Services

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.