Cwm LLC Lowers Stock Holdings in Quanta Services, Inc. $PWR

Cwm LLC reduced its position in shares of Quanta Services, Inc. (NYSE:PWR) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,709 shares of the construction company’s stock after selling 61 shares during the period. Cwm LLC’s holdings in Quanta Services were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Old Port Advisors boosted its position in shares of Quanta Services by 0.7% during the second quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock worth $1,491,000 after buying an additional 26 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Quanta Services by 3.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company’s stock worth $242,000 after buying an additional 32 shares during the period. Frank Rimerman Advisors LLC boosted its holdings in Quanta Services by 1.1% in the first quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company’s stock valued at $792,000 after purchasing an additional 34 shares during the period. Eastern Bank boosted its holdings in Quanta Services by 23.5% in the second quarter. Eastern Bank now owns 184 shares of the construction company’s stock valued at $70,000 after purchasing an additional 35 shares during the period. Finally, Legacy Capital Wealth Partners LLC boosted its holdings in Quanta Services by 3.4% in the first quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company’s stock valued at $277,000 after purchasing an additional 36 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Down 0.7%

Quanta Services stock opened at $434.65 on Friday. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $446.60. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The stock has a market cap of $64.77 billion, a PE ratio of 67.28, a P/E/G ratio of 2.57 and a beta of 1.04. The stock’s fifty day moving average is $396.43 and its two-hundred day moving average is $361.71.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share 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 company 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. Quanta Services’s quarterly revenue 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, sell-side analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on PWR shares. Stifel Nicolaus lifted their target price on Quanta Services from $432.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Citigroup lifted their target price on Quanta Services from $432.00 to $492.00 and gave the company a “buy” rating in a report on Monday, July 28th. Sanford C. Bernstein lowered Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 target price for the company. in a report on Monday, July 28th. Mizuho started coverage on Quanta Services in a report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 target price for the company. Finally, BMO Capital Markets lowered Quanta Services from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $352.00 to $400.00 in a report on Thursday, July 17th. Fourteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.45.

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.