Los Angeles Capital Management LLC Raises Stock Holdings in Quanta Services, Inc. $PWR

Los Angeles Capital Management LLC lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 171.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,924 shares of the construction company’s stock after purchasing an additional 1,845 shares during the period. Los Angeles Capital Management LLC’s holdings in Quanta Services were worth $1,106,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of Quanta Services during the 1st quarter worth $25,000. Copia Wealth Management increased its holdings in shares of Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares during the period. SOA Wealth Advisors LLC. raised its holdings in shares of 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 acquiring an additional 43 shares in the last quarter. Solstein Capital LLC lifted its position in Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Quanta Services during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group upped their target price on Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Citigroup lifted their price objective on Quanta Services from $517.00 to $526.00 and gave the company a “buy” rating in a research report on Friday, October 31st. UBS Group increased their target price on Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Daiwa America downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Roth Capital set a $500.00 price objective on Quanta Services and gave the company a “buy” rating in a research report on Friday, October 31st. Twelve equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, Quanta Services currently has an average rating of “Hold” and an average target price of $438.64.

Quanta Services Trading Up 0.2%

Shares of Quanta Services stock opened at $449.67 on Thursday. The business has a 50-day moving average price of $418.98 and a 200-day moving average price of $384.94. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $469.43. The firm has a market cap of $67.05 billion, a price-to-earnings ratio of 69.61, a PEG ratio of 2.66 and a beta of 1.10. 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 released its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 EPS 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 analyst estimates of $7.41 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. Quanta Services’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were issued a dividend of $0.10 per share. 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 dividend payout ratio (DPR) is presently 5.93%.

Insider Transactions at Quanta Services

In other Quanta Services news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $446.08, for a total value of $3,413,850.24. Following the completion of the transaction, the insider directly owned 19,960 shares in the company, valued at approximately $8,903,756.80. The trade was a 27.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bernard Fried sold 4,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the sale, the director directly owned 12,493 shares of the company’s stock, valued at $5,649,209.67. The trade was a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,002 shares of company stock worth $14,295,857 over the last three months. Company insiders own 1.10% of the company’s stock.

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.