Quanta Services, Inc (NYSE: PWR) is 13.62% higher 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 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 $356.49 in the last trading session, with the day’s gains setting it 2.62%.
Currently trading at $359.11, the stock is 5.56% and 19.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 0.73% at the moment leaves the stock 19.50% off its SMA200. PWR registered 30.14% gain for a year compared to 6-month loss of 4.23%. The firm has a 50-day simple moving average (SMA 50) of $300.2476 and a 200-day simple moving average (SMA200) of $300.5058.
The stock witnessed a 11.31% gain in the last 1 month and extending the period to 3 months gives it a 41.85%, and is 5.52% 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 1.16% over the week and 1.50% over the month.
Quanta Services, Inc (PWR) has around 58400 employees, a market worth around $53.22B and $24.87B in sales. Current P/E ratio is 58.06 and Fwd P/E is 30.37. Profit margin for the company is 3.74%. Distance from 52-week low is 58.14% and -1.85% from its 52-week high. The company has generated returns on investments over the last 12 months (7.73%).
with sales reaching $6.56B over the same period.The EPS is expected to grow by 15.19% this year, but quarterly earnings will post 14.02% year-over-year. Quarterly sales are estimated to grow 17.20% in year-over-year returns.
1765.0 institutions hold shares in Quanta Services, Inc (PWR), with institutional investors hold 95.83% of the company’s shares. The shares outstanding are 148.26M, and float is at 146.58M with Short Float at 3.51%. Institutions hold 94.99% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.65 million shares valued at $$4.23 billion. The investor’s holdings represent 11.3611 of the PWR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.23 million shares valued at $$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).
