Verus Capital Partners LLC Has $396,000 Stock Position in Quanta Services, Inc. $PWR

Verus Capital Partners LLC lessened its position in Quanta Services, Inc. (NYSE:PWR) by 30.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,047 shares of the construction company’s stock after selling 458 shares during the period. Verus Capital Partners LLC’s holdings in Quanta Services were worth $396,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of PWR. Brighton Jones LLC acquired a new position in shares of Quanta Services during the fourth quarter valued at about $298,000. Mutual of America Capital Management LLC boosted its stake in Quanta Services by 1.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 21,136 shares of the construction company’s stock valued at $5,372,000 after purchasing an additional 389 shares during the last quarter. Signaturefd LLC increased its holdings in Quanta Services by 1.4% during the 1st quarter. Signaturefd LLC now owns 3,091 shares of the construction company’s stock worth $786,000 after purchasing an additional 44 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Quanta Services by 52.6% in the first quarter. Sigma Planning Corp now owns 1,346 shares of the construction company’s stock worth $342,000 after purchasing an additional 464 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Quanta Services by 5.6% in the first quarter. Apollon Wealth Management LLC now owns 6,059 shares of the construction company’s stock valued at $1,540,000 after purchasing an additional 319 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Buying and Selling at Quanta Services

In other news, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total value of $1,808,760.00. Following the sale, the director owned 12,493 shares of the company’s stock, valued at $5,649,209.67. The trade was a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the completion of the transaction, the insider directly owned 19,960 shares of the company’s stock, valued at approximately $8,903,756.80. This trade represents a 27.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 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 Trading Up 0.2%

NYSE:PWR opened at $449.67 on Thursday. The firm’s 50 day moving average is $418.98 and its 200 day moving average is $384.94. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $469.43. The stock has a market capitalization of $67.05 billion, a PE ratio of 69.61, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.09. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on PWR shares. Evercore ISI increased their price target on Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. BMO Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “market perform” rating and increased their target price for the company from $352.00 to $400.00 in a report on Thursday, July 17th. Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Roth Capital set a $500.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Mizuho set a $415.00 price target on Quanta Services in a research report on Tuesday, October 28th. Twelve analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $438.64.

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.