ZEGA Investments LLC Purchases Shares of 4,218 Quanta Services, Inc. $PWR

ZEGA Investments LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,218 shares of the construction company’s stock, valued at approximately $1,595,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Quanta Services by 2.4% during the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after acquiring an additional 407,878 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Quanta Services during the second quarter valued at about $650,960,000. Nuveen LLC bought a new position in shares of Quanta Services during the 1st quarter worth about $404,288,000. Northern Trust Corp grew its stake in shares of Quanta Services by 3.8% in the 1st quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company’s stock valued at $392,839,000 after buying an additional 56,081 shares during the period. Finally, Amundi increased its position in Quanta Services by 188.3% in the 1st quarter. Amundi now owns 1,206,577 shares of the construction company’s stock valued at $304,139,000 after buying an additional 788,079 shares in the last quarter. Institutional investors 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 dated Monday, November 3rd. The stock was sold at an average price of $452.19, for a total value of $1,808,760.00. Following the completion of the sale, the director owned 12,493 shares of the company’s stock, valued at approximately $5,649,209.67. This trade represents a 24.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Worthing Jackman sold 6,349 shares of the 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 transaction, the director owned 2,730 shares of the company’s stock, valued at $1,229,728.50. This represents a 69.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Quanta Services Stock Performance

NYSE PWR opened at $445.32 on Friday. The company has a fifty day moving average price of $414.54 and a 200-day moving average price of $380.59. The firm has a market cap of $66.40 billion, a price-to-earnings ratio of 68.93, a PEG ratio of 2.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $469.43.

Quanta Services (NYSE:PWR) last issued its quarterly 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. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis 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 currently 5.93%.

Analysts Set New Price Targets

PWR has been the topic of several recent research reports. Mizuho set a $415.00 price target on Quanta Services in a report on Tuesday, October 28th. Roth Capital set a $500.00 target price on Quanta Services and gave the stock a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Quanta Services from $436.00 to $457.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. UBS Group raised their price objective on shares of Quanta Services from $413.00 to $474.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $438.64.

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.