G&S Capital LLC Sells 77 Shares of Quanta Services, Inc. $PWR

G&S Capital LLC cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 6.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,114 shares of the construction company’s stock after selling 77 shares during the period. G&S Capital LLC’s holdings in Quanta Services were worth $421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Quanta Services by 2.4% during the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock valued at $4,427,129,000 after acquiring an additional 407,878 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Quanta Services during the second quarter valued at $650,960,000. Nuveen LLC bought a new position in shares of Quanta Services during the first quarter valued at $404,288,000. Northern Trust Corp increased its holdings in shares of Quanta Services by 3.8% during the first quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company’s stock valued at $392,839,000 after acquiring an additional 56,081 shares in the last quarter. Finally, Amundi increased its holdings in shares of Quanta Services by 188.3% during the first quarter. Amundi now owns 1,206,577 shares of the construction company’s stock valued at $304,139,000 after acquiring an additional 788,079 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $409.12 on Tuesday. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $424.94. The stock’s fifty day moving average is $388.67 and its 200 day moving average is $346.40. The stock has a market cap of $60.96 billion, a P/E ratio of 63.33, a P/E/G ratio of 2.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the firm earned $1.90 EPS. Quanta Services’s revenue for the quarter was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be 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 is Wednesday, October 1st. Quanta Services’s payout ratio is presently 6.19%.

Wall Street Analysts Forecast Growth

PWR has been the subject of several research analyst reports. TD Cowen lifted their price objective on Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. UBS Group lifted their price objective on Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Jefferies Financial Group upgraded Quanta Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $398.00 to $469.00 in a report on Wednesday, September 24th. Evercore ISI lifted their price objective on Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a report on Thursday, July 10th. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $404.27.

About Quanta Services

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.