Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Quanta Services, Inc. NYSE: PWR. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Quanta Services stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.
Quanta Services Stock Up 1.5 %
Shares of NYSE:PWR traded up $4.45 during trading hours on Wednesday, hitting $292.04. The company's stock had a trading volume of 1,728,560 shares, compared to its average volume of 1,460,901. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. The firm's fifty day moving average price is $318.48 and its 200 day moving average price is $305.14. Quanta Services, Inc. has a 52 week low of $206.58 and a 52 week high of $365.88. The company has a market capitalization of $43.11 billion, a price-to-earnings ratio of 53.88, a P/E/G ratio of 1.43 and a beta of 1.05.
Quanta Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.14%. This is a boost from Quanta Services's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 2nd. Quanta Services's dividend payout ratio is presently 7.38%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. ORG Partners LLC grew its position in shares of Quanta Services by 129.1% during the third quarter. ORG Partners LLC now owns 804 shares of the construction company's stock worth $240,000 after acquiring an additional 453 shares during the last quarter. CX Institutional purchased a new position in Quanta Services during the 3rd quarter worth $208,000. Creative Planning increased its stake in Quanta Services by 7.5% in the third quarter. Creative Planning now owns 22,262 shares of the construction company's stock valued at $6,637,000 after purchasing an additional 1,562 shares during the period. Swedbank AB raised its holdings in shares of Quanta Services by 4.6% in the third quarter. Swedbank AB now owns 960,081 shares of the construction company's stock valued at $286,248,000 after buying an additional 42,579 shares during the last quarter. Finally, First United Bank & Trust purchased a new position in shares of Quanta Services during the third quarter worth about $353,000. Institutional investors and hedge funds own 90.49% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Citigroup lowered their target price on Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Daiwa Capital Markets initiated coverage on Quanta Services in a research note on Friday, December 6th. They set an "outperform" rating and a $355.00 price objective for the company. Robert W. Baird increased their price target on shares of Quanta Services from $320.00 to $333.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. UBS Group boosted their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and an average price target of $330.50.
Get Our Latest Analysis on PWR
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Quanta Services
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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.
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