Chilton Capital Management LLC Has $38.56 Million Stock Holdings in Quanta Services, Inc. $PWR

Chilton Capital Management LLC reduced its position in Quanta Services, Inc. (NYSE:PWR) by 26.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,976 shares of the construction company’s stock after selling 35,924 shares during the quarter. Quanta Services makes up 1.4% of Chilton Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Chilton Capital Management LLC owned approximately 0.07% of Quanta Services worth $38,555,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. SCP Investment LP bought a new stake in Quanta Services in the 1st quarter valued at $966,000. Brighton Jones LLC bought a new stake in Quanta Services in the 4th quarter valued at approximately $298,000. Swedbank AB increased its position in Quanta Services by 50.5% during the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after buying an additional 401,418 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Quanta Services during the 2nd quarter valued at $271,000. Finally, Voya Investment Management LLC raised its position in shares of Quanta Services by 8.6% in the first quarter. Voya Investment Management LLC now owns 598,067 shares of the construction company’s stock valued at $152,017,000 after purchasing an additional 47,469 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PWR. DA Davidson upped their target price on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Roth Capital reiterated a “buy” rating and set a $450.00 price target (up previously from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a research note on Saturday. Truist Financial upped their price objective on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Northland Securities downgraded shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 target price on the stock. in a report on Wednesday, July 2nd. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $411.59.

Quanta Services Price Performance

Quanta Services stock opened at $441.09 on Friday. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $447.17. The firm has a market capitalization of $65.73 billion, a price-to-earnings ratio of 68.28, a PEG ratio of 2.61 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. The company has a fifty day simple moving average of $401.36 and a 200-day simple moving average of $368.20.

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

Quanta Services Announces Dividend

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

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.