Quanta Services, Inc. $PWR Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its position in Quanta Services, Inc. (NYSE:PWR) by 145.9% in the second quarter, Holdings Channel reports. The institutional investor owned 8,093 shares of the construction company’s stock after purchasing an additional 4,802 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Quanta Services were worth $3,060,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC purchased a new position in Quanta Services during the fourth quarter worth approximately $298,000. OneDigital Investment Advisors LLC raised its stake in shares of Quanta Services by 5.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 1,338 shares of the construction company’s stock worth $340,000 after buying an additional 68 shares during the period. World Investment Advisors lifted its position in shares of Quanta Services by 13.8% during the 1st quarter. World Investment Advisors now owns 824 shares of the construction company’s stock valued at $209,000 after buying an additional 100 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Quanta Services by 8.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 201,838 shares of the construction company’s stock valued at $51,303,000 after acquiring an additional 15,145 shares during the period. Finally, Cerity Partners LLC increased its holdings in Quanta Services by 1.2% in the 1st quarter. Cerity Partners LLC now owns 138,327 shares of the construction company’s stock worth $35,160,000 after acquiring an additional 1,575 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Quanta Services

In related news, Director Worthing Jackman sold 6,349 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the completion of the sale, the director directly owned 2,730 shares of the company’s stock, valued at approximately $1,229,728.50. This trade represents a 69.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the completion of the sale, the director owned 12,493 shares in the company, valued at approximately $5,649,209.67. This trade represents a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on PWR. TD Cowen increased their price objective on shares of Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Evercore ISI upped their price target on shares of Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Citigroup lifted their price objective on Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Argus set a $540.00 price objective on Quanta Services in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. raised their target price on Quanta Services from $436.00 to $457.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $438.64.

Quanta Services Trading Up 0.5%

Shares of PWR opened at $445.32 on Friday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $469.43. The firm has a market capitalization of $66.40 billion, a P/E ratio of 68.93, a P/E/G ratio of 2.66 and a beta of 1.10. The firm has a 50-day moving average price of $414.54 and a 200 day moving average price of $381.42. 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 (NYSE:PWR) last issued its earnings results on Thursday, October 30th. The construction company reported $3.33 EPS 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 company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the firm earned $2.72 earnings per share. Quanta Services’s quarterly revenue was up 17.5% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s dividend payout ratio is presently 5.93%.

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.