Rep. Jefferson Shreve Sells Off Shares of Quanta Services, Inc. (NYSE:PWR)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Quanta Services, Inc. NYSE: PWR. In a filing disclosed on March 09th, the Representative disclosed that they had sold between $50,001 and $100,000 in Quanta Services stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
• Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
• Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.

Quanta Services Trading Up 1.4 %

Shares of PWR stock traded up $3.48 during mid-day trading on Wednesday, reaching $249.51. The stock had a trading volume of 884,088 shares, compared to its average volume of 1,766,284. The firm has a market capitalization of $36.98 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The stock's 50-day moving average price is $298.12 and its two-hundred day moving average price is $304.89. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88.

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Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.61 billion. Equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quanta Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PWR. Old North State Trust LLC grew its holdings in Quanta Services by 18.6% during the fourth quarter. Old North State Trust LLC now owns 1,730 shares of the construction company's stock worth $547,000 after acquiring an additional 271 shares during the period. Mattson Financial Services LLC grew its stake in shares of Quanta Services by 6.2% during the 4th quarter. Mattson Financial Services LLC now owns 5,954 shares of the construction company's stock worth $1,775,000 after purchasing an additional 348 shares during the period. TFR Capital LLC. purchased a new position in shares of Quanta Services during the 4th quarter valued at approximately $1,229,000. Siemens Fonds Invest GmbH lifted its stake in shares of Quanta Services by 468.6% in the 4th quarter. Siemens Fonds Invest GmbH now owns 23,669 shares of the construction company's stock valued at $7,481,000 after purchasing an additional 19,506 shares during the period. Finally, Park Square Financial Group LLC purchased a new stake in Quanta Services during the fourth quarter worth $71,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PWR. Truist Financial lowered their price target on shares of Quanta Services from $399.00 to $398.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus dropped their price target on Quanta Services from $388.00 to $323.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Roth Mkm started coverage on Quanta Services in a research report on Friday, February 21st. They set a "buy" rating and a $350.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Finally, Daiwa Capital Markets downgraded Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $326.95.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.