Quanta Services, Inc. $PWR Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lessened its position in Quanta Services, Inc. (NYSE:PWR) by 68.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,286 shares of the construction company’s stock after selling 11,487 shares during the period. Generali Asset Management SPA SGR’s holdings in Quanta Services were worth $1,999,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in Quanta Services during the first quarter worth approximately $25,000. SOA Wealth Advisors LLC. raised its stake in Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares during the period. WPG Advisers LLC purchased a new position in Quanta Services during the first quarter worth approximately $31,000. Ameriflex Group Inc. raised its stake in Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the period. Finally, AlphaQuest LLC purchased a new position in Quanta Services during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR stock opened at $437.38 on Friday. The company has a market capitalization of $65.17 billion, a PE ratio of 67.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The firm has a fifty day simple moving average of $395.46 and a 200-day simple moving average of $359.82. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $446.60.

Quanta Services (NYSE:PWR) last announced its earnings results 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. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is 6.19%.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Northland Securities lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price objective for the company. in a research report on Wednesday, July 2nd. Sanford C. Bernstein lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price objective for the company. in a research report on Monday, July 28th. UBS Group increased their price objective on shares of Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Stifel Nicolaus increased their price objective on shares of Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Fourteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $410.45.

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.