Vanguard Personalized Indexing Management LLC Has $8.17 Million Stock Position in Quanta Services, Inc. $PWR

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 29.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,603 shares of the construction company’s stock after buying an additional 4,863 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Quanta Services were worth $8,169,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PWR. Old Port Advisors grew its position 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 valued at $1,491,000 after buying an additional 26 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Quanta Services by 3.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company’s stock valued at $242,000 after purchasing an additional 32 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of Quanta Services by 1.1% during the 1st quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company’s stock valued at $792,000 after purchasing an additional 34 shares in the last quarter. Eastern Bank boosted its position in shares of Quanta Services by 23.5% during the 2nd quarter. Eastern Bank now owns 184 shares of the construction company’s stock valued at $70,000 after purchasing an additional 35 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC boosted its position in shares of Quanta Services by 3.4% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company’s stock valued at $277,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $417.15 on Monday. The company has a market cap of $62.16 billion, a PE ratio of 64.57, a price-to-earnings-growth ratio of 2.47 and a beta of 1.04. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $443.97. The business has a 50 day moving average price of $391.79 and a 200-day moving average price of $356.25. 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 issued its quarterly earnings data 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 firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared 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 dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is presently 6.19%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Jefferies Financial Group upgraded Quanta Services from a “hold” rating to a “buy” rating and upped their target price for the company from $398.00 to $469.00 in a research report on Wednesday, September 24th. Stifel Nicolaus upped their target price on Quanta Services from $432.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday. Mizuho started coverage on Quanta Services in a report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price target on the stock. Evercore ISI increased their price target on Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $408.45.

Quanta Services 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.