Yousif Capital Management LLC Decreases Stock Holdings in Quanta Services, Inc. $PWR

Yousif Capital Management LLC reduced its position in Quanta Services, Inc. (NYSE:PWR) by 7.5% during the third quarter, Holdings Channel reports. The institutional investor owned 19,302 shares of the construction company’s stock after selling 1,559 shares during the quarter. Yousif Capital Management LLC’s holdings in Quanta Services were worth $7,999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Old Port Advisors grew its holdings in Quanta Services by 0.7% in the second quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock worth $1,491,000 after purchasing an additional 26 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Quanta Services by 1.2% in the 2nd 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 in the last quarter. Carr Financial Group Corp grew its stake in Quanta Services by 1.8% during the 3rd quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock worth $610,000 after buying an additional 26 shares during the last quarter. RiverPark Advisors LLC raised its stake in Quanta Services by 29.3% in the second quarter. RiverPark Advisors LLC now owns 128 shares of the construction company’s stock valued at $48,000 after buying an additional 29 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in Quanta Services by 0.6% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 5,111 shares of the construction company’s stock worth $2,118,000 after acquiring an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Argus set a $540.00 price objective on shares of Quanta Services in a research report on Friday, October 31st. Mizuho set a $415.00 price objective on shares of Quanta Services in a research note on Tuesday, October 28th. Weiss Ratings downgraded Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. JPMorgan Chase & Co. raised Quanta Services from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $457.00 to $515.00 in a research report on Monday, December 8th. Finally, Truist Financial increased their price objective on Quanta Services from $472.00 to $521.00 and gave the company 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $450.10.

Quanta Services Price Performance

Shares of PWR opened at $435.52 on Wednesday. The business’s 50-day moving average is $443.37 and its two-hundred day moving average is $407.82. The company has a market capitalization of $64.94 billion, a P/E ratio of 64.52, a P/E/G ratio of 2.46 and a beta of 1.14. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $473.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Insider Activity

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 transaction of $6,213,340.00. Following the sale, the executive vice president owned 34,575 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernard Fried sold 4,000 shares of the company’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 completion of the transaction, the director owned 12,493 shares of the company’s stock, valued at approximately $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 sold 32,002 shares of company stock worth $14,295,857 over the last 90 days. Company insiders own 1.10% of the company’s stock.

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.