D L Carlson Investment Group Inc. Has $4.32 Million Stake in Quanta Services, Inc. $PWR

D L Carlson Investment Group Inc. reduced its holdings in Quanta Services, Inc. (NYSE:PWR) by 1.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,432 shares of the construction company’s stock after selling 202 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Quanta Services were worth $4,322,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PWR. Norges Bank acquired a new position in shares of Quanta Services in the 2nd quarter valued at $675,802,000. Kingstone Capital Partners Texas LLC acquired a new position in Quanta Services in the second quarter valued at about $650,960,000. Nuveen LLC acquired a new position in Quanta Services in the first quarter valued at about $404,288,000. Amundi boosted its holdings in Quanta Services by 188.3% during the first quarter. Amundi now owns 1,206,577 shares of the construction company’s stock worth $304,139,000 after buying an additional 788,079 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Quanta Services by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after buying an additional 407,878 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR stock opened at $452.48 on Tuesday. The stock has a 50-day moving average price of $434.63 and a two-hundred day moving average price of $396.52. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $469.43. The stock has a market cap of $67.47 billion, a PE ratio of 70.04, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analyst Ratings Changes

PWR has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on shares of Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Roth Capital set a $500.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, November 25th. Mizuho set a $415.00 price objective on Quanta Services in a research note on Tuesday, October 28th. Finally, Truist Financial lifted their target price on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $442.32.

Insider Buying and Selling at Quanta Services

In related news, EVP Donald Wayne sold 14,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total value of $6,213,340.00. Following the completion of the transaction, the executive vice president owned 34,575 shares of the company’s stock, valued at approximately $15,344,730.75. This trade represents a 28.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the sale, the director directly owned 12,493 shares in the company, valued at $5,649,209.67. This trade represents a 24.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 32,002 shares of company stock valued at $14,295,857 over the last quarter. Insiders own 1.10% of the company’s stock.

About Quanta Services

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.