Quanta Services, Inc (NYSE: PWR) is -16.88% lower on its value in year-to-date trading and has touched a low of $227.08 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 $269.60 in the last trading session, with the day’s loss setting it -6.9%.
Currently trading at $262.70, the stock is 0.72% and -2.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -2.56% at the moment leaves the stock -9.33% off its SMA200. PWR registered 2.46% gain for a year compared to 6-month loss of -14.89%. The firm has a 50-day simple moving average (SMA 50) of $270.1942 and a 200-day simple moving average (SMA200) of $289.7224.
The stock witnessed a 5.46% gain in the last 1 month and extending the period to 3 months gives it a -15.86%, and is 4.23% 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 8.69% over the week and 4.77% over the month.
Quanta Services, Inc (PWR) has around 58400 employees, a market worth around $38.93B and $23.67B in sales. Current P/E ratio is 43.62 and Fwd P/E is 22.47. Profit margin for the company is 3.82%. Distance from 52-week low is 15.69% and -28.20% 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 13.57% this year, but quarterly earnings will post 13.48% year-over-year. Quarterly sales are estimated to grow 16.83% in year-over-year returns.
1751.0 institutions hold shares in Quanta Services, Inc (PWR), with institutional investors hold 97.50% of the company’s shares. The shares outstanding are 147.68M, and float is at 146.34M with Short Float at 3.39%. Institutions hold 96.45% 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 7.664 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).
