Quanta Services, Inc. (NYSE: PWR) is 42.09% higher on its value in year-to-date trading and has touched a low of $153.74 and a high of $317.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PWR stock was last observed hovering at around $312.97 in the last trading session, with the day’s loss setting it -6.34%.
Currently trading at $306.63, the stock is 0.14% and 7.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -2.03% at the moment leaves the stock 19.49% off its SMA200. PWR registered 85.31% gain for a year compared to 6-month gain of 21.11%. The firm has a 50-day simple moving average (SMA 50) of $284.5198 and a 200-day simple moving average (SMA200) of $256.62515.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 2.81% loss in the last 1 month and extending the period to 3 months gives it a 23.24%, and is -1.79% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 2.02% over the month.
Quanta Services, Inc. (PWR) has around 52500 employees, a market worth around $45.18B and $22.03B in sales. Current P/E ratio is 57.87 and Fwd P/E is 30.23. Profit margin for the company is 3.59%. Distance from 52-week low is 99.45% and -3.55% from its 52-week high. The company has generated returns on investments over the last 12 months (8.10%).
The EPS is expected to grow by 20.45% this year
1606.0 institutions hold shares in Quanta Services, Inc. (PWR), with institutional investors hold 95.47% of the company’s shares. The shares outstanding are 147.33M, and float is at 145.60M with Short Float at 3.30%. Institutions hold 94.45% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.65 million shares valued at $4.23 billion. The investor’s holdings represent 11.4113 of the PWR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.23 million shares valued at $2.85 billion to account for 7.6979 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 7.37 million shares representing 5.049 and valued at over $1.87 billion, while CAPITAL WORLD INVESTORS holds 4.2733 of the shares totaling 6.24 million with a market value of $1.58 billion.
Quanta Services, Inc. (PWR) Insider Activity
The most recent transaction is an insider sale by Studer Karl W, the company’s President, Electric Power. SEC filings show that Studer Karl W sold 23,357 shares of the company’s common stock on Aug 21 ’24 at a price of $270.51 per share for a total of $6.32 million. Following the sale, the insider now owns 10631.0 shares.
Still, SEC filings show that on Aug 21 ’24, Karl W Studer (Officer) Proposed Sale 7,819 shares at an average price of $268.25 for $2.1 million. The insider now directly holds shares of Quanta Services, Inc. (PWR).
