Quanta Services, Inc. $PWR Shares Bought by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 214.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 13,092 shares of the construction company’s stock after buying an additional 8,929 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Quanta Services were worth $4,949,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PWR. Kingstone Capital Partners Texas LLC acquired a new stake in Quanta Services during the second quarter valued at approximately $650,960,000. Nuveen LLC acquired a new stake in shares of Quanta Services during the first quarter worth $404,288,000. Amundi raised its holdings in shares of Quanta Services by 188.3% during the first quarter. Amundi now owns 1,206,577 shares of the construction company’s stock worth $304,139,000 after purchasing an additional 788,079 shares during the period. Jennison Associates LLC raised its stake in Quanta Services by 433.3% during the first quarter. Jennison Associates LLC now owns 620,973 shares of the construction company’s stock worth $157,839,000 after acquiring an additional 504,540 shares during the period. Finally, Vanguard Group Inc. raised its stake in Quanta Services by 2.4% during the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after acquiring an additional 407,878 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Up 0.2%

Quanta Services stock opened at $421.88 on Friday. The stock has a market cap of $62.86 billion, a price-to-earnings ratio of 65.31, a PEG ratio of 2.50 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $389.67 and its two-hundred day moving average price is $349.54. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $431.24.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the business earned $1.90 earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 6.19%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Northland Securities cut Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price target on the stock. in a research report on Wednesday, July 2nd. Jefferies Financial Group raised Quanta Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $398.00 to $469.00 in a research report on Wednesday, September 24th. Northland Capmk lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. DA Davidson increased their price objective on shares of Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Finally, Wall Street Zen cut shares of Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $404.27.

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.