Quanta Services, Inc (NYSE: PWR) is -9.68% lower on its value in year-to-date trading and has touched a low of $206.58 and a high of $365.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PWR stock was last observed hovering at around $290.86 in the last trading session, with the day’s loss setting it -5.41%.
Currently trading at $285.45, the stock is -9.07% and -11.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing -1.86% at the moment leaves the stock -2.16% off its SMA200. PWR registered 38.01% gain for a year compared to 6-month gain of 8.34%. The firm has a 50-day simple moving average (SMA 50) of $321.643 and a 200-day simple moving average (SMA200) of $291.7443.
The stock witnessed a -13.35% loss in the last 1 month and extending the period to 3 months gives it a -12.78%, and is -8.58% 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 3.20% over the week and 3.87% over the month.
Quanta Services, Inc (PWR) has around 52500 employees, a market worth around $42.14B and $22.90B in sales. Current P/E ratio is 52.74 and Fwd P/E is 27.93. Profit margin for the company is 3.54%. Distance from 52-week low is 38.18% and -21.98% from its 52-week high. The company has generated returns on investments over the last 12 months (7.09%).
with sales reaching $6.61B over the same period.The EPS is expected to grow by 20.93% this year, but quarterly earnings will post 13.65% year-over-year. Quarterly sales are estimated to grow 14.23% in year-over-year returns.
Quanta Services, Inc (PWR) Top Institutional Holders
1734.0 institutions hold shares in Quanta Services, Inc (PWR), with institutional investors hold 98.24% of the company’s shares. The shares outstanding are 147.60M, and float is at 145.83M with Short Float at 2.61%. Institutions hold 96.77% 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 5.0268% 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).
