Quanta Services, Inc. $PWR Position Decreased by Realta Investment Advisors

Realta Investment Advisors decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,937 shares of the construction company’s stock after selling 150 shares during the period. Realta Investment Advisors’ holdings in Quanta Services were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PWR. Kingstone Capital Partners Texas LLC bought a new position in shares of Quanta Services during the 2nd quarter valued at about $650,960,000. Nuveen LLC acquired a new position in shares of Quanta Services in the first quarter worth about $404,288,000. Amundi boosted its holdings in shares of 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 buying an additional 788,079 shares during the period. Jennison Associates LLC boosted its holdings in shares of Quanta Services by 433.3% in the first quarter. Jennison Associates LLC now owns 620,973 shares of the construction company’s stock worth $157,839,000 after buying an additional 504,540 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Quanta Services by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after buying an additional 407,878 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

PWR stock opened at $421.88 on Friday. 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 has a market cap of $62.86 billion, a P/E ratio of 65.31, a P/E/G ratio of 2.50 and a beta of 1.04. The firm has a 50 day simple moving average of $389.67 and a 200 day simple moving average of $350.08. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $431.24.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the company posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced 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. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Quanta Services’s payout ratio is currently 6.19%.

Analyst Upgrades and Downgrades

PWR has been the subject of several recent analyst reports. Northland Capmk cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 2nd. Daiwa America cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Northland Securities cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 target price for the company. in a report on Wednesday, July 2nd. Wall Street Zen cut shares of Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Stifel Nicolaus raised their target price on shares of Quanta Services from $411.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Fourteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently 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.