Willis Johnson & Associates Inc. Makes New Investment in Quanta Services, Inc. $PWR

Willis Johnson & Associates Inc. acquired a new stake in Quanta Services, Inc. (NYSE:PWR) during the second quarter, according to its most recent filing with the SEC. The firm acquired 717 shares of the construction company’s stock, valued at approximately $271,000.

Several other large investors have also bought and sold shares of the business. SCP Investment LP bought a new stake in Quanta Services in the first quarter worth $966,000. Mediolanum International Funds Ltd raised its position in Quanta Services by 15.5% in the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock worth $12,642,000 after purchasing an additional 4,451 shares during the period. Freedom Day Solutions LLC bought a new stake in Quanta Services in the second quarter worth about $2,465,000. Choreo LLC boosted its position in shares of Quanta Services by 4.1% during the second quarter. Choreo LLC now owns 7,734 shares of the construction company’s stock valued at $2,924,000 after buying an additional 303 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Quanta Services by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 606,414 shares of the construction company’s stock valued at $229,273,000 after buying an additional 5,670 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, November 25th. TD Cowen increased their price objective on shares of Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen lowered shares of Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Evercore ISI upped their target price on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Robert W. Baird set a $490.00 target price on Quanta Services in a research report on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $442.32.

Quanta Services Stock Performance

PWR opened at $464.88 on Monday. The company has a market cap of $69.32 billion, a P/E ratio of 71.96, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $433.50 and its 200-day moving average price is $395.73. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $469.43.

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

Insider Transactions at Quanta Services

In related news, Director Bernard Fried sold 4,000 shares of Quanta Services 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 sale, the director owned 12,493 shares of the company’s stock, valued at $5,649,209.67. The trade was a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the completion of the transaction, the insider owned 19,960 shares in the company, valued at approximately $8,903,756.80. This trade represents a 27.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 32,002 shares of company stock worth $14,295,857. Insiders own 1.10% of the company’s stock.

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.