Quanta Services, Inc. $PWR Stock Holdings Lessened by Stack Financial Management Inc

Stack Financial Management Inc lowered its position in shares of Quanta Services, Inc. (NYSE:PWR) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,183 shares of the construction company’s stock after selling 2,159 shares during the period. Quanta Services accounts for about 4.5% of Stack Financial Management Inc’s holdings, making the stock its 4th biggest position. Stack Financial Management Inc’s holdings in Quanta Services were worth $50,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SCP Investment LP purchased a new position in shares of Quanta Services during the 1st quarter valued at $966,000. Brighton Jones LLC bought a new stake in Quanta Services during the fourth quarter valued at $298,000. Swedbank AB grew its position in Quanta Services by 50.5% during the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after buying an additional 401,418 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Quanta Services by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company’s stock worth $17,480,000 after acquiring an additional 2,479 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Quanta Services by 60.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company’s stock valued at $404,000 after acquiring an additional 588 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $417.15 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $62.16 billion, a PE ratio of 64.57, a PEG ratio of 2.47 and a beta of 1.04. The company’s fifty day moving average is $391.79 and its 200 day moving average is $356.25. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $443.97.

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

Quanta Services Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. BMO Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $352.00 to $400.00 in a report on Thursday, July 17th. Stifel Nicolaus lifted their price objective on shares of Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho started coverage on shares of Quanta Services in a research report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 target price for the company. Finally, Sanford C. Bernstein downgraded Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price target on the stock. in a research report on Monday, July 28th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $408.45.

Quanta Services 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.