Northwestern Mutual Wealth Management Co. Has $5.44 Million Stock Holdings in Quanta Services, Inc. $PWR

Northwestern Mutual Wealth Management Co. grew its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 18.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,375 shares of the construction company's stock after acquiring an additional 2,286 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Quanta Services were worth $5,435,000 at the end of the most recent quarter.

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A number of other hedge funds and other institutional investors have also modified their holdings of PWR. State Board of Administration of Florida Retirement System grew its stake in Quanta Services by 1.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 148,852 shares of the construction company's stock valued at $56,278,000 after purchasing an additional 1,850 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Quanta Services in the 2nd quarter valued at approximately $55,000. Quadrant Capital Group LLC grew its stake in shares of Quanta Services by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 4,748 shares of the construction company's stock valued at $1,795,000 after buying an additional 145 shares in the last quarter. Vinva Investment Management Ltd acquired a new position in Quanta Services during the second quarter worth $1,405,000. Finally, RiverPark Advisors LLC increased its holdings in Quanta Services by 29.3% during the second quarter. RiverPark Advisors LLC now owns 128 shares of the construction company's stock worth $48,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Insider Transactions at Quanta Services

In related news, Director Worthing Jackman sold 6,349 shares of the company's stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total value of $2,859,907.05. Following the transaction, the director directly owned 2,730 shares in the company, valued at approximately $1,229,728.50. This represents a 69.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of Quanta Services stock in a transaction dated 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 sale, the insider owned 19,960 shares of the company's stock, valued at $8,903,756.80. This trade represents a 27.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,002 shares of company stock worth $14,295,857 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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A number of research analysts have recently commented on PWR shares. Roth Capital set a $500.00 price objective on shares of Quanta Services and gave the company a "buy" rating in a research report on Friday, October 31st. TD Cowen upped their target price on shares of Quanta Services from $355.00 to $425.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Evercore ISI lifted their price target on Quanta Services from $410.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, October 31st. Citigroup boosted their price target on Quanta Services from $517.00 to $526.00 and gave the stock a "buy" rating in a research report on Friday, October 31st. Finally, Wall Street Zen cut Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and an average target price of $442.32.

Get Our Latest Report on Quanta Services

Quanta Services Stock Up 0.6%

• Quanta Services Stock is an Infrastructure Power Grid Play

Shares of PWR opened at $454.97 on Wednesday. The firm's 50-day simple moving average is $435.93 and its 200 day simple moving average is $397.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The firm has a market cap of $67.84 billion, a P/E ratio of 70.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.14. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $469.43.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.41 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business's revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Company 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.

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