Blair William & Co. IL Raises Holdings in Quanta Services, Inc. $PWR

Blair William & Co. IL grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,135 shares of the construction company’s stock after purchasing an additional 1,291 shares during the quarter. Blair William & Co. IL’s holdings in Quanta Services were worth $14,040,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Quanta Services during the 4th quarter worth approximately $298,000. Farther Finance Advisors LLC raised its holdings in Quanta Services by 60.0% in the first quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company’s stock worth $404,000 after purchasing an additional 588 shares in the last quarter. Simplicity Wealth LLC lifted its position in Quanta Services by 9.3% during the first quarter. Simplicity Wealth LLC now owns 992 shares of the construction company’s stock valued at $252,000 after buying an additional 84 shares during the period. SG Americas Securities LLC grew its position in shares of Quanta Services by 393.8% in the 1st quarter. SG Americas Securities LLC now owns 22,167 shares of the construction company’s stock worth $5,634,000 after buying an additional 17,678 shares during the period. Finally, Integrated Advisors Network LLC increased its stake in shares of Quanta Services by 40.0% in the 1st quarter. Integrated Advisors Network LLC now owns 1,399 shares of the construction company’s stock worth $356,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of recent research reports. Evercore ISI upped their price objective on shares of Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Jefferies Financial Group upgraded Quanta Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $398.00 to $469.00 in a research note on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Quanta Services in a research note on Wednesday. Roth Capital reaffirmed a “buy” rating and issued a $450.00 price target (up previously from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Fourteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $408.45.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $417.15 on Friday. The firm’s 50-day moving average price is $391.79 and its 200-day moving average price is $354.88. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $443.97. The company has a market cap of $62.16 billion, a PE ratio of 64.57, a PEG ratio of 2.55 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The firm’s quarterly 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, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were given 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 was Wednesday, October 1st. Quanta Services’s dividend payout ratio 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.