Mutual of America Capital Management LLC Trims Holdings in Quanta Services, Inc. $PWR

Mutual of America Capital Management LLC lowered its position in shares of Quanta Services, Inc. (NYSE:PWR) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,879 shares of the construction company’s stock after selling 257 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Quanta Services were worth $7,894,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. SCP Investment LP purchased a new position in Quanta Services during the 1st quarter worth $966,000. Brighton Jones LLC purchased a new position in Quanta Services during the 4th quarter worth $298,000. Swedbank AB raised its position in Quanta Services by 50.5% during the 1st quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after buying an additional 401,418 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Quanta Services during the 2nd quarter worth $271,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Quanta Services by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company’s stock valued at $17,480,000 after purchasing an additional 2,479 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Quanta Services stock opened at $441.41 on Tuesday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $446.60. The stock has a market capitalization of $65.77 billion, a P/E ratio of 68.33, a P/E/G ratio of 2.57 and a beta of 1.04. The firm’s 50-day moving average is $397.58 and its two-hundred day moving average is $363.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32.

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

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is currently 6.19%.

Analyst Ratings Changes

PWR has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded shares of Quanta Services to a “hold” rating in a report on Thursday, July 10th. DA Davidson increased their price target on shares of Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Roth Capital reiterated a “buy” rating and issued a $450.00 price target (up previously from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a report on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $411.59.

About Quanta Services

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.