Vestmark Advisory Solutions Inc. Acquires 4,802 Shares of Quanta Services, Inc. $PWR

Vestmark Advisory Solutions Inc. increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 145.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,093 shares of the construction company’s stock after purchasing an additional 4,802 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Quanta Services were worth $3,060,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PWR. Vanguard Group Inc. boosted its position in Quanta Services by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock valued at $4,427,129,000 after acquiring an additional 407,878 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Quanta Services during the 2nd quarter worth $650,960,000. Nuveen LLC bought a new stake in Quanta Services during the first quarter valued at about $404,288,000. Northern Trust Corp grew its stake in Quanta Services by 3.8% in the first quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company’s stock valued at $392,839,000 after purchasing an additional 56,081 shares during the last quarter. Finally, Amundi raised its holdings in Quanta Services by 188.3% in 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 in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 0.5%

Shares of PWR stock opened at $445.32 on Friday. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $469.43. The firm has a market capitalization of $66.40 billion, a PE ratio of 68.93, 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 stock’s 50-day simple moving average is $414.54 and its 200-day simple moving average is $381.42.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the prior year, the firm earned $2.72 earnings per share. 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. Equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 5.93%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PWR. TD Cowen boosted their price objective on shares of Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen lowered Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. DA Davidson boosted their target price on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Evercore ISI raised their price target on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Mizuho set a $415.00 price target on Quanta Services in a research note on Tuesday, October 28th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $438.64.

Insiders Place Their Bets

In other news, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $452.19, for a total value of $1,808,760.00. Following the completion of the transaction, the director owned 12,493 shares of the company’s stock, valued at $5,649,209.67. The trade was a 24.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Worthing Jackman sold 6,349 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total value of $2,859,907.05. Following the completion of the sale, the director owned 2,730 shares in the company, valued at $1,229,728.50. The trade was a 69.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

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.