MSH Capital Advisors LLC Has $242,000 Stock Holdings in Quanta Services, Inc. $PWR

MSH Capital Advisors LLC cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 25.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 641 shares of the construction company’s stock after selling 220 shares during the period. MSH Capital Advisors LLC’s holdings in Quanta Services were worth $242,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PWR. Kingstone Capital Partners Texas LLC bought a new stake in Quanta Services in the second quarter valued at approximately $650,960,000. Nuveen LLC bought a new stake in Quanta Services in the first quarter valued at approximately $404,288,000. Amundi raised its stake in Quanta Services by 188.3% in the first quarter. Amundi now owns 1,206,577 shares of the construction company’s stock valued at $304,139,000 after buying an additional 788,079 shares during the period. Jennison Associates LLC raised its stake in Quanta Services by 433.3% in the first quarter. Jennison Associates LLC now owns 620,973 shares of the construction company’s stock valued at $157,839,000 after buying an additional 504,540 shares during the period. Finally, Vanguard Group Inc. raised its stake in Quanta Services by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock valued at $4,427,129,000 after buying an additional 407,878 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PWR. Mizuho initiated coverage on Quanta Services in a research note on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price objective on the stock. Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Jefferies Financial Group upgraded Quanta Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $398.00 to $469.00 in a research note on Wednesday, September 24th. BMO Capital Markets lowered Quanta Services from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $352.00 to $400.00 in a research note on Thursday, July 17th. Finally, Evercore ISI increased their target price on Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $408.45.

Quanta Services Price Performance

Quanta Services stock opened at $429.69 on Friday. The stock’s fifty day moving average price is $391.35 and its two-hundred day moving average price is $353.91. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $443.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The firm has a market cap of $64.03 billion, a PE ratio of 66.52, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the company earned $1.90 EPS. The company’s revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 6.19%.

Quanta Services Company 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.