Quanta Services, Inc. $PWR Stock Position Lessened by Garrison Bradford & Associates Inc.

Garrison Bradford & Associates Inc. decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,429 shares of the construction company’s stock after selling 394 shares during the period. Quanta Services comprises 9.4% of Garrison Bradford & Associates Inc.’s investment portfolio, making the stock its 4th biggest position. Garrison Bradford & Associates Inc.’s holdings in Quanta Services were worth $8,480,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PWR. SCP Investment LP purchased a new stake in shares of Quanta Services during the first quarter worth approximately $966,000. Brighton Jones LLC acquired a new position in Quanta Services during the 4th quarter worth approximately $298,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Quanta Services in the 2nd quarter valued at approximately $271,000. Swedbank AB raised its holdings in shares of Quanta Services by 50.5% in the 1st quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock valued at $304,269,000 after purchasing an additional 401,418 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Quanta Services by 8.6% during the 1st quarter. Voya Investment Management LLC now owns 598,067 shares of the construction company’s stock worth $152,017,000 after purchasing an additional 47,469 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PWR. Evercore ISI increased their target price on Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a report on Wednesday, October 8th. Citigroup raised their target price on Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a research report on Friday. DA Davidson upped their price target on Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Finally, Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $435.55.

Quanta Services Trading Down 0.8%

NYSE:PWR opened at $450.16 on Monday. The company has a market capitalization of $67.08 billion, a PE ratio of 69.68, a P/E/G ratio of 2.66 and a beta of 1.04. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $469.43. The stock’s 50 day moving average price is $408.11 and its 200 day moving average price is $375.80. 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 data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.09. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s payout ratio is currently 5.93%.

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.