<div id="readability-page-1"><p>Congress Asset Management Co. increased its position in shares of  Quanta Services, Inc. (NYSE:PWR - Free Report) by 316.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,145 shares of the construction company's stock after buying an additional 149,092 shares during the period. Congress Asset Management Co. owned about 0.13% of Quanta Services worth $81,287,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Quanta Services</strong> alerts:</span></p></div><ul><li>Quanta Services: The Backbone of the AI Data Center Push</li></ul><p>Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Old Port Advisors raised its holdings in shares of  Quanta Services by 0.7% in the 2nd quarter. Old Port Advisors now owns 3,944 shares of the construction company's stock valued at $1,491,000 after purchasing an additional 26 shares in the last quarter.  Ashton Thomas Private Wealth LLC raised its stake in  Quanta Services by 1.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company's stock worth $851,000 after buying an additional 26 shares in the last quarter.  Carr Financial Group Corp lifted its holdings in  Quanta Services by 1.8% during the third 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 period.  RiverPark Advisors LLC boosted its position in  Quanta Services by 29.3% during the 2nd quarter. RiverPark Advisors LLC now owns 128 shares of the construction company's stock valued at $48,000 after acquiring an additional 29 shares in the last quarter.  Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of  Quanta Services by 0.6% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 5,111 shares of the construction company's stock valued at $2,118,000 after acquiring an additional 29 shares during the period. 90.49% of the stock is currently owned by institutional investors. </p><h2>Analyst Upgrades and Downgrades</h2><p>PWR has been the subject of a number of analyst reports. Evercore ISI upped their price objective on Quanta Services from $410.00 to $480.00 and gave the stock an &#34;outperform&#34; rating in a research note on Friday, October 31st. JPMorgan Chase &amp; Co. upgraded shares of Quanta Services from a &#34;neutral&#34; rating to an &#34;overweight&#34; rating and raised their price target for the company from $457.00 to $515.00 in a report on Monday, December 8th. Argus  set a $540.00 price objective on shares of Quanta Services in a research note on Friday, October 31st. Stifel Nicolaus  set a $495.00 target price on shares of Quanta Services in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group  set a $495.00 price target on Quanta Services in a research report on Monday, November 24th. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have assigned  a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $450.10.</p><ul><li>Smart Money Piles Into GRID ETF on Trillion-Dollar Power Upgrade</li></ul><p><b>Get Our Latest Stock Analysis on Quanta Services</b></p><h2>Quanta Services Trading Up 1.2%</h2><p>Shares of Quanta Services stock opened at $426.50 on Friday. The firm's 50 day simple moving average is $443.31 and its two-hundred day simple moving average is $406.45. The firm has a market capitalization of $63.60 billion, a price-to-earnings ratio of 63.19, a PEG ratio of 2.42 and a beta of 1.14. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $473.99. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. </p><ul><li>Quanta Services Stock is an Infrastructure Power Grid Play</li></ul><p>Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.24 by $0.09. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The business's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS.  Analysts predict that  Quanta Services, Inc. will post 9.34 EPS for the current year. </p><h2>Insider Transactions at Quanta Services</h2><p>In other news, EVP Donald Wayne sold 14,000 shares of the firm's stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $443.81, for a total value of $6,213,340.00. Following the completion of the transaction, the executive vice president directly owned 34,575 shares in the company, valued at $15,344,730.75. This trade represents a 28.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the company's stock in a transaction that occurred on 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 owned 19,960 shares in the company, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is owned by company insiders. </p><h2>About Quanta Services</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Quanta Services</li><li>How to trade penny stocks: A step-by-step guide</li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time</li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p><strong>Want to see what other hedge funds are holding PWR?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanta Services, Inc. (NYSE:PWR - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBXUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBXUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Quanta Services Right Now?</h2><p>Before you consider Quanta Services, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quanta Services wasn't on the list.</p><p>While Quanta Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Congress Asset Management Co. increased its stake in Quanta Services, Inc. by 316.9% in Q3, owning 196,145 shares worth $81.3 million. Analysts have upgraded Quanta Services' stock, with price targets ranging from $450.10 to $540.00. The stock opened at $426.50, with a market cap of $63.60 billion. Quanta Services reported Q3 earnings of $3.33 per share, beating estimates, and revenue of $7.63 billion, up 17.5% year-over-year.</p>

Congress Asset Management Co. Purchases 149,092 Shares of Quanta Services, Inc. $PWR