Trillium Asset Management LLC Sells 1,904 Shares of Quanta Services, Inc. $PWR

Trillium Asset Management LLC lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,958 shares of the construction company’s stock after selling 1,904 shares during the quarter. Trillium Asset Management LLC’s holdings in Quanta Services were worth $25,695,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Copia Wealth Management lifted its stake in shares of Quanta Services by 509.1% in the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after acquiring an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after acquiring an additional 43 shares during the last quarter. Solstein Capital LLC raised its stake in shares of Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares during the last quarter. Ameriflex Group Inc. raised its position in Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Quanta Services during the 1st quarter valued at approximately $25,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 2.8%

NYSE:PWR opened at $438.25 on Wednesday. The firm has a market cap of $65.35 billion, a P/E ratio of 67.84, a P/E/G ratio of 2.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The firm has a 50-day simple moving average of $410.64 and a two-hundred day simple moving average of $378.29. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $469.43.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.24 by $0.09. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the company earned $2.72 EPS. Quanta Services’s revenue for the quarter was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders 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 was Wednesday, October 1st. Quanta Services’s payout ratio is currently 5.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PWR shares. JPMorgan Chase & Co. upped their target price on Quanta Services from $436.00 to $457.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. 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 research report on Monday, July 28th. Truist Financial increased their price objective on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, UBS Group increased their price objective on Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $438.64.

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.