Mariner Investment Group LLC Acquires Shares of 6,000 Quanta Services, Inc. $PWR

Mariner Investment Group LLC acquired a new stake in Quanta Services, Inc. (NYSE:PWR) during the second quarter, HoldingsChannel.com reports. The fund acquired 6,000 shares of the construction company’s stock, valued at approximately $2,268,000. Quanta Services accounts for about 0.8% of Mariner Investment Group LLC’s holdings, making the stock its 16th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Quanta Services during the first quarter worth approximately $25,000. WPG Advisers LLC purchased a new stake in Quanta Services in the 1st quarter valued at $31,000. Webster Bank N. A. boosted its stake in Quanta Services by 57.8% during the 2nd quarter. Webster Bank N. A. now owns 131 shares of the construction company’s stock worth $50,000 after purchasing an additional 48 shares during the period. AlphaQuest LLC purchased a new position in Quanta Services during the 1st quarter worth $35,000. Finally, ORG Partners LLC increased its stake in Quanta Services by 46.7% in the second quarter. ORG Partners LLC now owns 154 shares of the construction company’s stock valued at $57,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE PWR opened at $406.00 on Friday. The firm has a market capitalization of $60.50 billion, a P/E ratio of 62.85, a PEG ratio of 2.38 and a beta of 1.01. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $424.94. The company’s fifty day moving average is $388.49 and its two-hundred day moving average is $344.06. 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 issued its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Analysts forecast 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 will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 6.19%.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Quanta Services from $411.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 4th. DA Davidson lifted their target price on Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Jefferies Financial Group raised Quanta Services from a “hold” rating to a “buy” rating and increased their price target for the stock from $398.00 to $469.00 in a report on Wednesday. Evercore ISI boosted their price objective on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $414.00 target price (up previously from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $404.27.

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.