Quanta Services, Inc. $PWR Stake Lifted by Twin Capital Management Inc.

Twin Capital Management Inc. raised its stake in Quanta Services, Inc. (NYSE:PWR) by 1.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,677 shares of the construction company’s stock after buying an additional 139 shares during the quarter. Twin Capital Management Inc.’s holdings in Quanta Services were worth $4,415,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PWR. Resona Asset Management Co. Ltd. raised its holdings in shares of Quanta Services by 5.0% during the second quarter. Resona Asset Management Co. Ltd. now owns 50,920 shares of the construction company’s stock valued at $19,278,000 after buying an additional 2,445 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Quanta Services in the 2nd quarter valued at approximately $5,405,000. Genus Capital Management Inc. bought a new stake in Quanta Services during the 2nd quarter valued at $3,554,000. Moors & Cabot Inc. acquired a new position in Quanta Services during the 2nd quarter worth $299,000. Finally, Sunburst Financial Group LLC grew its stake in shares of Quanta Services by 25.3% in the second quarter. Sunburst Financial Group LLC now owns 990 shares of the construction company’s stock worth $374,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PWR. BMO Capital Markets cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $352.00 to $400.00 in a research note on Thursday, July 17th. Argus set a $540.00 price target on shares of Quanta Services in a research note on Friday, October 31st. Citigroup raised their price objective on shares of Quanta Services from $517.00 to $526.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Evercore ISI upped their target price on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, TD Cowen lifted their price target on Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $438.64.

Insider Buying and Selling

In other Quanta Services news, Director Bernard Fried sold 4,000 shares of Quanta Services stock in a transaction that occurred on 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 transaction, the director directly owned 12,493 shares in the company, valued at approximately $5,649,209.67. The trade was a 24.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Quanta Services Stock Performance

PWR opened at $453.48 on Thursday. 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 firm has a market cap of $67.62 billion, a PE ratio of 70.20, a P/E/G ratio of 2.66 and a beta of 1.10. The business has a fifty day simple moving average of $412.07 and a 200-day simple moving average of $378.81. 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 announced its earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.24 by $0.09. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared 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 dividend yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s dividend payout ratio is 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.