What is Quanta Services Inc. (PWR) Stock Return on Shareholders’ Capital?

Quanta Services Inc. (NYSE: PWR) stock jumped 1.23% on Thursday to $202.79 against a previous-day closing price of $200.33. With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.73 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $203.76 whereas the lowest price it dropped to was $200.60. The 52-week range on PWR shows that it touched its highest point at $212.82 and its lowest point at $123.25 during that stretch. It currently has a 1-year price target of $220.60. With its current market cap of 29.76 billion, PWR has annualized dividend of $0.32 while the current yield stands at 0.16%. Beta for the stock currently stands at 1.08.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PWR was down-trending over the past week, with a drop of -2.83%, but this was down by -0.20% over a month. Three-month performance surged to 9.56% while six-month performance rose 30.55%. The stock gained 43.37% in the past year, while it has gained 42.31% so far this year. A look at the trailing 12-month EPS for PWR yields 3.91 with Next year EPS estimates of 8.41. For the next quarter, that number is 2.12. This implies an EPS growth rate of -0.70% for this year and 17.92% for next year. EPS is expected to grow by 17.22% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.30%.

Float and Shares Shorts:

At present, 145.42 million PWR shares are outstanding with a float of 143.24 million shares on hand for trading. On Aug 14, 2023, short shares totaled 3.84 million, which was 2.65% higher than short shares on Jul 13, 2023. In addition to Mr. Earl C. Austin Jr. as the firm’s Pres, CEO & Director, Ms. Jayshree S. Desai serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 92.25% of PWR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.92% of PWR, in contrast to 39.93% held by mutual funds. Shares owned by individuals account for 11.70%. As the largest shareholder in PWR with 10.69% of the stake, The Vanguard Group, Inc. holds 15,516,563 shares worth 15,516,563. A second-largest stockholder of PWR, BlackRock Fund Advisors, holds 7,117,759 shares, controlling over 4.90% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in PWR, holding 5,991,012 shares or 4.13% stake. With a 3.12% stake in PWR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,528,961 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.39% of PWR stock, is the second-largest Mutual Fund holder. It holds 3,476,113 shares valued at 700.85 million. Vanguard Mid Cap Index Fund holds 2.31% of the stake in PWR, owning 3,359,503 shares worth 677.34 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, PWR reported revenue of $4.23B and operating income of $193.40M. The EBITDA in the recently reported quarter was $351.56M and diluted EPS was $0.59.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PWR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PWR analysts setting a high price target of $238.00 and a low target of $190.00, the average target price over the next 12 months is $223.14. Based on these targets, PWR could surge 17.36% to reach the target high and fall by -6.31% to reach the target low. Reaching the average price target will result in a growth of 10.04% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded PWR stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 952 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 50 over the past year. The total number of shares bought during that period was 584,396 while 650,956 shares were sold.

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