Wilson Asset Management International PTY Ltd. Has $20.21 Million Stock Holdings in Quanta Services, Inc. $PWR

Wilson Asset Management International PTY Ltd. reduced its position in Quanta Services, Inc. (NYSE:PWR) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,456 shares of the construction company’s stock after selling 1,830 shares during the quarter. Quanta Services makes up 5.0% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 7th largest holding. Wilson Asset Management International PTY Ltd.’s holdings in Quanta Services were worth $20,211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Axxcess Wealth Management LLC lifted its position in Quanta Services by 15.1% in the second quarter. Axxcess Wealth Management LLC now owns 4,010 shares of the construction company’s stock worth $1,516,000 after purchasing an additional 526 shares during the period. NorthRock Partners LLC lifted its position in Quanta Services by 19.8% in the second quarter. NorthRock Partners LLC now owns 2,341 shares of the construction company’s stock worth $885,000 after purchasing an additional 387 shares during the period. Atria Wealth Solutions Inc. raised its stake in Quanta Services by 27.9% during the second quarter. Atria Wealth Solutions Inc. now owns 10,710 shares of the construction company’s stock worth $4,056,000 after acquiring an additional 2,338 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Quanta Services by 17.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,095 shares of the construction company’s stock worth $4,573,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Quanta Services by 44.3% during the second quarter. Sequoia Financial Advisors LLC now owns 94,949 shares of the construction company’s stock worth $35,898,000 after acquiring an additional 29,168 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Price Performance

Quanta Services stock opened at $431.61 on Tuesday. The business’s 50-day simple moving average is $392.56 and its 200 day simple moving average is $357.49. The stock has a market cap of $64.31 billion, a price-to-earnings ratio of 66.81, a P/E/G ratio of 2.47 and a beta of 1.04. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $443.97. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter last year, the business earned $1.90 earnings per share. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.10 per share. 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 payout ratio is 6.19%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen lowered Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Citigroup increased their price objective on Quanta Services from $432.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Truist Financial increased their price objective on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Finally, Jefferies Financial Group upgraded Quanta Services from a “hold” rating to a “buy” rating and raised their target price for the company from $398.00 to $469.00 in a research note on Wednesday, September 24th. Fourteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $408.45.

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.