Trillium Asset Management LLC Sells 1,904 Shares of Quanta Services, Inc. $PWR

Trillium Asset Management LLC lowered its position in Quanta Services, Inc. (NYSE:PWR) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,958 shares of the construction company’s stock after selling 1,904 shares during the period. Trillium Asset Management LLC’s holdings in Quanta Services were worth $25,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Quanta Services in the 4th quarter valued at approximately $298,000. Mutual Advisors LLC lifted its position in Quanta Services by 21.3% in the first quarter. Mutual Advisors LLC now owns 975 shares of the construction company’s stock worth $248,000 after buying an additional 171 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Quanta Services by 5.4% in the first quarter. OneDigital Investment Advisors LLC now owns 1,338 shares of the construction company’s stock valued at $340,000 after acquiring an additional 68 shares during the period. World Investment Advisors raised its holdings in shares of Quanta Services by 13.8% in the first quarter. World Investment Advisors now owns 824 shares of the construction company’s stock worth $209,000 after buying an additional 100 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Quanta Services by 16.8% during the first quarter. Concurrent Investment Advisors LLC now owns 4,220 shares of the construction company’s stock worth $1,073,000 after acquiring an additional 606 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Down 2.8%

Shares of PWR stock opened at $438.25 on Wednesday. The stock’s fifty day moving average is $410.64 and its two-hundred day moving average is $378.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The firm has a market capitalization of $65.35 billion, a P/E ratio of 67.84, a PEG ratio of 2.66 and a beta of 1.10. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $469.43.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the company posted $2.72 EPS. The business’s revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal 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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s payout ratio is currently 5.93%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PWR. Mizuho set a $415.00 price objective on shares of Quanta Services in a report on Tuesday, October 28th. Seaport Res Ptn raised shares of Quanta Services to a “hold” rating in a research report on Thursday, July 10th. Argus set a $540.00 price objective on shares of Quanta Services in a report on Friday. Jefferies Financial Group upped their target price on Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research report on Monday. Finally, DA Davidson increased their price target on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $438.64.

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.