Quanta Services, Inc. $PWR Stake Cut by Malaga Cove Capital LLC

Malaga Cove Capital LLC decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,616 shares of the construction company’s stock after selling 297 shares during the period. Quanta Services accounts for 2.3% of Malaga Cove Capital LLC’s investment portfolio, making the stock its 7th biggest position. Malaga Cove Capital LLC’s holdings in Quanta Services were worth $5,904,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Cullen Frost Bankers Inc. purchased a new position in Quanta Services in the 1st quarter valued at about $25,000. Copia Wealth Management lifted its stake in shares of Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after buying an additional 56 shares during the period. SOA Wealth Advisors LLC. grew its stake in Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after acquiring an additional 43 shares during the period. Solstein Capital LLC raised its holdings in Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Quanta Services during the first quarter worth $31,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Buying and Selling at Quanta Services

In related news, Director Bernard Fried sold 4,000 shares of Quanta Services stock in a transaction 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 sale, the director owned 12,493 shares of the company’s stock, valued at $5,649,209.67. The trade was a 24.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PWR shares. Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Evercore ISI raised their target price 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. Robert W. Baird set a $490.00 price target on shares of Quanta Services in a research report on Friday, October 31st. UBS Group lifted their price target on shares of Quanta Services from $413.00 to $474.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $438.64.

Quanta Services Stock Down 2.4%

Shares of Quanta Services stock opened at $442.74 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $469.43. The stock has a market cap of $66.02 billion, a price-to-earnings ratio of 68.54, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $413.20 and a 200 day moving average price of $379.26.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data 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 return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the previous year, the firm posted $2.72 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were 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 was Wednesday, October 1st. Quanta Services’s 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.