Transatlantique Private Wealth LLC Has $953,000 Stock Position in Quanta Services, Inc. $PWR

Transatlantique Private Wealth LLC trimmed its position in Quanta Services, Inc. (NYSE:PWR) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,520 shares of the construction company’s stock after selling 141 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Quanta Services were worth $953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PWR. Brighton Jones LLC acquired a new position in shares of Quanta Services in the fourth quarter worth about $298,000. Teacher Retirement System of Texas boosted its holdings in shares of Quanta Services by 1,464.7% in the first quarter. Teacher Retirement System of Texas now owns 21,577 shares of the construction company’s stock worth $5,484,000 after buying an additional 20,198 shares during the period. Mutual Advisors LLC boosted its holdings in shares of 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 period. Silver Oak Securities Incorporated lifted its position in shares of Quanta Services by 27.5% in the first quarter. Silver Oak Securities Incorporated now owns 936 shares of the construction company’s stock worth $238,000 after purchasing an additional 202 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position 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 worth $340,000 after purchasing an additional 68 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PWR. Truist Financial increased their price target on shares of Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Quanta Services in a research report on Wednesday, October 8th. Evercore ISI increased 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. JPMorgan Chase & Co. increased their price target on shares of Quanta Services from $436.00 to $457.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Stifel Nicolaus set a $495.00 price target on shares of Quanta Services in a research report on Monday. Thirteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $438.64.

Quanta Services Price Performance

Shares of PWR opened at $450.65 on Tuesday. The firm has a market cap of $67.15 billion, a PE ratio of 69.76, a PEG ratio of 2.66 and a beta of 1.04. The firm’s 50 day moving average price is $409.56 and its 200 day moving average price is $377.09. 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, Inc. has a twelve month low of $227.08 and a twelve month high of $469.43.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.09. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal 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 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 (DPR) is presently 5.93%.

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.