Quanta Services, Inc. $PWR Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC trimmed its position in Quanta Services, Inc. (NYSE:PWR) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,282 shares of the construction company’s stock after selling 614 shares during the quarter. V Square Quantitative Management LLC’s holdings in Quanta Services were worth $1,241,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Old Port Advisors lifted its holdings in shares of Quanta Services by 0.7% in the 2nd quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock worth $1,491,000 after acquiring an additional 26 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Quanta Services by 3.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company’s stock worth $242,000 after acquiring an additional 32 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Quanta Services by 1.1% in the 1st quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company’s stock worth $792,000 after acquiring an additional 34 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its holdings in shares of Quanta Services by 3.4% in the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company’s stock worth $277,000 after acquiring an additional 36 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Quanta Services by 2.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company’s stock worth $365,000 after acquiring an additional 37 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Up 1.4%

Shares of NYSE:PWR opened at $406.00 on Monday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $424.94. The company’s 50 day moving average is $388.49 and its two-hundred day moving average is $345.37. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a market cap of $60.50 billion, a PE ratio of 62.85, a P/E/G ratio of 2.41 and a beta of 1.01.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the prior year, the firm posted $1.90 EPS. The company’s quarterly revenue 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. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.19%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Cowen upped their price objective on shares of Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Mizuho began coverage on shares of Quanta Services in a report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price objective on the stock. Northland Capmk lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 2nd. Truist Financial increased their target price on shares of Quanta Services from $375.00 to $472.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Finally, Roth Capital reiterated a “buy” rating and set a $450.00 target price (up from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $404.27.

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.