SG Americas Securities LLC Sells 3,957 Shares of Quanta Services, Inc. $PWR

SG Americas Securities LLC reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 39.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,085 shares of the construction company’s stock after selling 3,957 shares during the period. SG Americas Securities LLC’s holdings in Quanta Services were worth $2,522,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Quanta Services in the 2nd quarter valued at approximately $675,802,000. Kingstone Capital Partners Texas LLC acquired a new position in Quanta Services during the second quarter valued at approximately $650,960,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after purchasing an additional 882,209 shares during the period. Select Equity Group L.P. lifted its stake in shares of Quanta Services by 69.3% in the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after buying an additional 416,395 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Quanta Services by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company’s stock worth $6,713,446,000 after buying an additional 339,383 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on PWR. Truist Financial lifted their target price on shares of Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Citigroup lifted their price objective on Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein decreased their target price 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. Robert W. Baird set a $490.00 target price on Quanta Services in a report on Friday, October 31st. Finally, Mizuho set a $415.00 price target on Quanta Services in a report on Tuesday, October 28th. Fourteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.10.

Insider Buying and Selling at Quanta Services

In related news, 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 transaction, the director owned 12,493 shares of the company’s stock, valued at $5,649,209.67. This represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Worthing Jackman sold 6,349 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the transaction, the director owned 2,730 shares of the company’s stock, valued at approximately $1,229,728.50. This represents a 69.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 32,002 shares of company stock worth $14,295,857. Insiders own 1.10% of the company’s stock.

Quanta Services Price Performance

Shares of PWR stock opened at $443.97 on Wednesday. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $473.99. The company has a market capitalization of $66.20 billion, a P/E ratio of 65.77, a P/E/G ratio of 2.10 and a beta of 1.16. The stock has a 50 day moving average of $440.90 and a two-hundred day moving average of $414.96. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66.

Quanta Services (NYSE:PWR) last issued its 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. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the company posted $2.72 earnings per share. Quanta Services’s revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, equities analysts expect 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.