Cozad Asset Management Inc. Sells 600 Shares of Quanta Services, Inc. $PWR

Cozad Asset Management Inc. reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 4.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,955 shares of the construction company’s stock after selling 600 shares during the period. Cozad Asset Management Inc.’s holdings in Quanta Services were worth $5,276,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Copia Wealth Management grew its holdings in shares of Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after buying an additional 43 shares during the period. Solstein Capital LLC grew its stake in Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares in the last quarter. Ameriflex Group Inc. increased its position in shares of Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Quanta Services during the second quarter valued at approximately $37,000. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PWR. Jefferies Financial Group raised their price objective on Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Sanford C. Bernstein lowered Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price target on the stock. in a research note on Monday, July 28th. Wall Street Zen lowered shares of Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Truist Financial boosted their price target on shares of Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Mizuho set a $415.00 price objective on shares of Quanta Services in a research note on Tuesday, October 28th. Twelve investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, Quanta Services presently has a consensus rating of “Hold” and an average target price of $438.64.

Insiders Place Their Bets

In other news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the sale, the insider owned 19,960 shares in the company, valued at approximately $8,903,756.80. The trade was a 27.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Worthing Jackman sold 6,349 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the transaction, the director owned 2,730 shares in the company, valued at approximately $1,229,728.50. This trade represents a 69.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,002 shares of company stock worth $14,295,857 in the last three months. Insiders own 1.10% of the company’s stock.

Quanta Services Stock Up 0.1%

Shares of Quanta Services stock opened at $430.17 on Friday. 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 company has a market cap of $64.15 billion, a P/E ratio of 66.59, a PEG ratio of 2.66 and a beta of 1.10. The firm’s 50 day moving average price is $426.33 and its 200-day moving average price is $390.48. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $469.43.

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

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 6.52%.

About Quanta Services

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.