Gladstone Institutional Advisory LLC Sells 3,256 Shares of Quanta Services, Inc. $PWR

Gladstone Institutional Advisory LLC lessened its stake in Quanta Services, Inc. (NYSE:PWR) by 27.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,809 shares of the construction company’s stock after selling 3,256 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Quanta Services were worth $3,651,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Petros Family Wealth LLC lifted its stake in Quanta Services by 2.2% during the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after acquiring an additional 24 shares in the last quarter. Old Port Advisors lifted its position in shares of Quanta Services by 0.7% during the second quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock valued at $1,491,000 after purchasing an additional 26 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Quanta Services by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock worth $851,000 after purchasing an additional 26 shares during the last quarter. Carr Financial Group Corp grew its position in Quanta Services by 1.8% in the 3rd quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock worth $610,000 after purchasing an additional 26 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its stake in Quanta Services by 1.0% in the 3rd quarter. Archford Capital Strategies LLC now owns 2,748 shares of the construction company’s stock valued at $1,139,000 after buying an additional 28 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Insider Buying and Selling at Quanta Services

In related news, Director Bernard Fried sold 4,000 shares of Quanta Services 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 transaction, the director directly owned 12,493 shares in the company, valued at approximately $5,649,209.67. The trade was a 24.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Worthing Jackman sold 6,349 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total value of $2,859,907.05. Following the sale, the director owned 2,730 shares in the company, valued at approximately $1,229,728.50. This represents a 69.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,002 shares of company stock valued at $14,295,857 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI boosted their target price on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Mizuho set a $415.00 price objective on Quanta Services in a research report on Tuesday, October 28th. Sanford C. Bernstein reduced their price objective on 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Quanta Services in a research note on Monday, December 29th. Finally, Citigroup increased their price target 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. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.10.

Quanta Services Stock Up 0.6%

Shares of NYSE PWR opened at $438.33 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. The stock has a market capitalization of $65.36 billion, a PE ratio of 64.94, a P/E/G ratio of 2.12 and a beta of 1.16. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $473.99. The business’s fifty day moving average price is $442.72 and its 200-day moving average price is $413.02.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The business 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 firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period 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, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

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.