BlackRock Amends Quanta Services Stake (SC 13G/A)
Ticker: PWR · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Quanta Services; no major red flags.**
AI Summary
BlackRock Inc. has filed an Amendment No. 15 to its Schedule 13G for Quanta Services, Inc. common stock, indicating a change in its ownership stake as of December 31, 2023. This filing, under Rule 13d-1(b), shows BlackRock's updated passive investment position in Quanta Services. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or investment strategy regarding Quanta Services, potentially influencing market perception and stock performance.
Why It Matters
This filing updates BlackRock's passive ownership in Quanta Services, providing transparency on a major institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk to the company or its shareholders.
Analyst Insight
Investors should note BlackRock's continued passive interest in Quanta Services, but this routine update doesn't suggest an immediate need for action. It's a data point for tracking institutional ownership trends.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Quanta Services, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No. 15 (number) — the specific amendment number to the Schedule 13G filing
- 74762E102 (number) — the CUSIP number for Quanta Services, Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 15, as stated in the filing's title and cover page.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as clearly identified in the 'FILED BY' section and on the cover page of the filing.
What is the subject company whose securities are being reported?
The subject company is QUANTA SERVICES, INC., as stated in the 'SUBJECT COMPANY' section and on the cover page of the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the 'X' next to '[X] Rule 13d-1(b)' on the cover page.
From the Filing
EDGAR Filing Documents for 0001086364-24-004407 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-004407 Filing Date 2024-01-26 Accepted 2024-01-26 11:49:46 Documents 1 Document Format Files Seq Description Document Type Size 1 us74762e1029_012624.txt SC 13G/A 11976 Complete submission text file 0001086364-24-004407.txt 13863 Mailing Address 2727 NORTH LOOP WEST HOUSTON TX 77008-1044 Business Address 2727 NORTH LOOP WEST HOUSTON TX 77008-1044 713-629-7600 QUANTA SERVICES, INC. (Subject) CIK : 0001050915 (see all company filings) EIN. : 742851603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-54689 | Film No.: 24565917 SIC : 1731 Electrical Work (CF Office: 05 Real Estate & Construction) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)