AG2R LA Mondiale Gestion D Actifs Sells 1,014 Shares of Quanta Services, Inc. $PWR

AG2R LA Mondiale Gestion D Actifs decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 14.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,234 shares of the construction company’s stock after selling 1,014 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Quanta Services were worth $2,357,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services during the 1st quarter worth about $25,000. Copia Wealth Management boosted its holdings in shares of Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after buying an additional 56 shares during the period. SOA Wealth Advisors LLC. boosted its holdings in Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after purchasing an additional 43 shares during the period. WPG Advisers LLC acquired a new position in shares of Quanta Services during the 1st quarter worth approximately $31,000. Finally, Ameriflex Group Inc. increased its holdings in shares of Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PWR shares. Stifel Nicolaus increased their price target on Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Northland Capmk cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Mizuho initiated coverage on Quanta Services in a research note on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a research note on Saturday. Finally, Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $411.59.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $441.09 on Friday. The company has a 50 day moving average of $401.36 and a 200-day moving average of $368.20. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $447.17. 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 market cap of $65.73 billion, a PE ratio of 68.28, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04.

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

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors 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 yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s dividend payout ratio is currently 6.19%.

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.