Quanta Services, Inc (NYSE: PWR) is -17.48% lower on its value in year-to-date trading and has touched a low of $227.11 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 $250.29 in the last trading session, with the day’s gains setting it 10.52%.
Currently trading at $260.81, the stock is 0.11% and -11.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing 4.20% at the moment leaves the stock -10.38% off its SMA200. PWR registered 7.88% gain for a year compared to 6-month gain of -0.87%. The firm has a 50-day simple moving average (SMA 50) of $294.7034 and a 200-day simple moving average (SMA200) of $291.03265.
The stock witnessed a -12.58% loss in the last 1 month and extending the period to 3 months gives it a -18.47%, and is 6.01% 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 4.86% over the week and 5.03% over the month.
Quanta Services, Inc (PWR) has around 58400 employees, a market worth around $38.65B and $23.67B in sales. Current P/E ratio is 43.31 and Fwd P/E is 22.21. Profit margin for the company is 3.82%. Distance from 52-week low is 14.84% and -28.72% from its 52-week high. The company has generated returns on investments over the last 12 months (7.77%).
with sales reaching $5.88B over the same period.The EPS is expected to grow by 13.93% this year, but quarterly earnings will post 13.51% year-over-year. Quarterly sales are estimated to grow 16.84% in year-over-year returns.
Quanta Services, Inc (PWR) Top Institutional Holders
1760.0 institutions hold shares in Quanta Services, Inc (PWR), with institutional investors hold 97.41% of the company’s shares. The shares outstanding are 147.68M, and float is at 146.33M with Short Float at 2.78%. Institutions hold 96.36% 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 4.2546 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).
