Commerzbank Aktiengesellschaft FI Decreases Position in Quanta Services, Inc. $PWR

Commerzbank Aktiengesellschaft FI reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,352 shares of the construction company’s stock after selling 84 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Quanta Services were worth $511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Freedom Day Solutions LLC purchased a new stake in shares of Quanta Services in the second quarter valued at $2,465,000. Callan Family Office LLC lifted its position in shares of Quanta Services by 95.8% in the second quarter. Callan Family Office LLC now owns 2,957 shares of the construction company’s stock valued at $1,118,000 after acquiring an additional 1,447 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Quanta Services by 3.6% in the second quarter. Blair William & Co. IL now owns 37,135 shares of the construction company’s stock valued at $14,040,000 after acquiring an additional 1,291 shares in the last quarter. TFR Capital LLC. lifted its position in shares of Quanta Services by 4.4% in the second quarter. TFR Capital LLC. now owns 4,296 shares of the construction company’s stock valued at $1,624,000 after acquiring an additional 181 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Quanta Services by 10.2% in the second quarter. US Bancorp DE now owns 28,326 shares of the construction company’s stock valued at $10,710,000 after acquiring an additional 2,620 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $417.15 on Friday. The firm has a market capitalization of $62.16 billion, a PE ratio of 64.57, a P/E/G ratio of 2.55 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The business has a 50-day moving average of $391.79 and a two-hundred day moving average of $354.88. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $443.97.

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

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is presently 6.19%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PWR. Evercore ISI upped their target price on Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Truist Financial upped their target price on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research note on Wednesday. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their target price on Quanta Services from $345.00 to $392.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Mizuho began coverage on Quanta Services in a research note on Thursday, September 4th. They issued a “neutral” rating and a $360.00 target price for the company. Fourteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $408.45.

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.