Simon Quick Advisors LLC Purchases 153 Shares of Quanta Services, Inc. $PWR

Simon Quick Advisors LLC increased its position in Quanta Services, Inc. (NYSE:PWR) by 8.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,007 shares of the construction company’s stock after purchasing an additional 153 shares during the period. Simon Quick Advisors LLC’s holdings in Quanta Services were worth $759,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Quanta Services by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after purchasing an additional 407,878 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Quanta Services in the 2nd quarter worth about $650,960,000. Nuveen LLC bought a new position in Quanta Services in the 1st quarter worth about $404,288,000. Northern Trust Corp boosted its stake in Quanta Services by 3.8% in the 1st quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company’s stock worth $392,839,000 after purchasing an additional 56,081 shares in the last quarter. Finally, Amundi boosted its stake in Quanta Services by 188.3% in the 1st quarter. Amundi now owns 1,206,577 shares of the construction company’s stock worth $304,139,000 after purchasing an additional 788,079 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $450.16 on Friday. The firm’s 50 day moving average price is $408.11 and its 200-day moving average price is $374.35. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $469.43. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $67.08 billion, a PE ratio of 69.68, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.09. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the prior year, the business earned $2.72 EPS. The business’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 expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PWR. TD Cowen upped their price target on shares of Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $436.00 to $457.00 and gave the company a “neutral” rating in a research note on Friday. Sanford C. Bernstein cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 target price on the stock. in a research note on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a research note on Wednesday, October 8th. Finally, DA Davidson upped their target price on shares of Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus target price of $435.55.

Quanta Services 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.