Quanta Services, Inc. $PWR Position Increased by Menard Financial Group LLC

Menard Financial Group LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 150.2% during the second quarter, HoldingsChannel.com reports. The firm owned 3,650 shares of the construction company’s stock after buying an additional 2,191 shares during the quarter. Quanta Services makes up approximately 0.8% of Menard Financial Group LLC’s holdings, making the stock its 27th largest holding. Menard Financial Group LLC’s holdings in Quanta Services were worth $1,380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new position in Quanta Services during the second quarter valued at approximately $53,000. Berbice Capital Management LLC bought a new position in shares of Quanta Services during the 2nd quarter valued at $38,000. Fort Sheridan Advisors LLC lifted its stake in shares of Quanta Services by 2.7% in the 2nd quarter. Fort Sheridan Advisors LLC now owns 4,654 shares of the construction company’s stock valued at $1,760,000 after purchasing an additional 122 shares during the last quarter. AMJ Financial Wealth Management boosted its holdings in Quanta Services by 68.1% in the second quarter. AMJ Financial Wealth Management now owns 28,486 shares of the construction company’s stock worth $10,770,000 after purchasing an additional 11,543 shares in the last quarter. Finally, Beacon Pointe Advisors LLC increased its position in Quanta Services by 22.0% during the second quarter. Beacon Pointe Advisors LLC now owns 1,584 shares of the construction company’s stock worth $599,000 after buying an additional 286 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Up 0.6%

Shares of PWR stock opened at $454.97 on Wednesday. The stock has a 50 day moving average of $435.93 and a 200-day moving average of $397.29. The firm has a market cap of $67.84 billion, a PE ratio of 70.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $469.43.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the firm posted $2.72 earnings per share. Quanta Services’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, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Insider Activity at Quanta Services

In related news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider directly owned 19,960 shares of the company’s stock, valued at $8,903,756.80. This trade represents a 27.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the completion of 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 position. 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 three months. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PWR shares. Robert W. Baird set a $490.00 price target on Quanta Services in a research report on Friday, October 31st. The Goldman Sachs Group set a $495.00 target price on Quanta Services in a report on Monday, November 24th. JPMorgan Chase & Co. upped their target price on Quanta Services from $436.00 to $457.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Roth Capital set a $500.00 price target on shares of Quanta Services and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Jefferies Financial Group upped their price objective on shares of Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Thirteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $442.32.

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.