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Quanta Services, Inc. (PWR) – Don’t Be So Quick to Call it Dead

Quanta Services, Inc. (NYSE: PWR) is 44.41% 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 $313.43 in the last trading session, with the day’s loss setting it -1.8%.

Currently trading at $311.63, the stock is 0.62% and 7.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -0.57% at the moment leaves the stock 20.16% off its SMA200. PWR registered 89.14% gain for a year compared to 6-month gain of 21.73%. The firm has a 50-day simple moving average (SMA 50) of $289.0038 and a 200-day simple moving average (SMA200) of $259.33725.

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The stock witnessed a 5.26% loss in the last 1 month and extending the period to 3 months gives it a 22.27%, and is 1.63% up 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 1.51% over the week and 1.84% over the month.

Quanta Services, Inc. (PWR) has around 52500 employees, a market worth around $45.91B and $22.03B in sales. Current P/E ratio is 58.81 and Fwd P/E is 30.64. Profit margin for the company is 3.59%. Distance from 52-week low is 102.70% and -1.98% from its 52-week high. The company has generated returns on investments over the last 12 months (8.10%).

Quanta Services, Inc. quarterly earnings per share for the current quarter are estimated at 2.69 with sales reaching $6.57B over the same period.The EPS is expected to grow by 20.61% this year, but quarterly earnings will post 14.20% year-over-year. Quarterly sales are estimated to grow 16.80% in year-over-year returns.

1605.0 institutions hold shares in Quanta Services, Inc. (PWR), with institutional investors hold 95.57% of the company’s shares. The shares outstanding are 147.33M, and float is at 145.60M with Short Float at 2.78%. Institutions hold 94.55% 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).

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