Quanta Services, Inc. $PWR Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Quanta Services, Inc. (NYSE:PWR) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,106 shares of the construction company’s stock after selling 5,252 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Quanta Services were worth $14,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Quanta Services by 1.9% during the second quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company’s stock valued at $6,713,446,000 after buying an additional 339,383 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Quanta Services by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock valued at $2,579,259,000 after acquiring an additional 49,334 shares during the period. State Street Corp lifted its holdings in shares of Quanta Services by 0.4% during the 2nd quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock valued at $2,271,235,000 after acquiring an additional 24,669 shares in the last quarter. Geode Capital Management LLC boosted its position in Quanta Services by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company’s stock worth $1,458,362,000 after purchasing an additional 152,823 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Quanta Services by 57.2% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Activity at Quanta Services

In other news, Director Worthing Jackman sold 6,349 shares of the stock in a transaction dated Wednesday, November 5th. The shares were 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 trade represents a 69.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $446.08, for a total value of $3,413,850.24. Following the completion of the sale, the insider directly owned 19,960 shares of the company’s stock, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 32,002 shares of company stock worth $14,295,857. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PWR. Mizuho set a $415.00 price objective on Quanta Services in a research note on Tuesday, October 28th. Evercore ISI raised their target price on Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Stifel Nicolaus set a $495.00 price target on Quanta Services in a research report on Monday, November 3rd. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $457.00 to $515.00 in a research report on Monday, December 8th. Finally, Roth Capital set a $500.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 31st. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $450.10.

Quanta Services Stock Performance

Shares of PWR opened at $422.43 on Friday. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $473.99. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66. The firm has a market cap of $62.99 billion, a price-to-earnings ratio of 62.58, a PEG ratio of 2.01 and a beta of 1.16. The business’s 50 day moving average is $441.14 and its two-hundred day moving average is $413.58.

Quanta Services (NYSE:PWR) last issued its quarterly 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 3.74% and a return on equity of 18.74%. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the firm earned $2.72 earnings per share. The business’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. Analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal 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.