International Assets Investment Management LLC Takes Position in Quanta Services, Inc. $PWR

International Assets Investment Management LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,019 shares of the construction company’s stock, valued at approximately $763,000.

Other large investors have also recently made changes to their positions in the company. SCP Investment LP purchased a new position in shares of Quanta Services during the first quarter valued at approximately $966,000. Brighton Jones LLC bought a new stake in shares of Quanta Services during the fourth quarter valued at approximately $298,000. Swedbank AB increased its position in shares of Quanta Services by 50.5% during the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock valued at $304,269,000 after acquiring an additional 401,418 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Quanta Services during the second quarter valued at approximately $271,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Quanta Services by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company’s stock valued at $17,480,000 after acquiring an additional 2,479 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Trading Up 1.7%

NYSE:PWR opened at $441.41 on Tuesday. 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, Inc. has a 12 month low of $227.08 and a 12 month high of $446.60. The company has a market cap of $65.77 billion, a PE ratio of 68.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.04. The company has a 50 day simple moving average of $397.58 and a two-hundred day simple moving average of $363.89.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The company’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. Research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PWR shares. Evercore ISI raised their price target on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Northland Capmk downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Jefferies Financial Group raised shares of Quanta Services from a “hold” rating to a “buy” rating and raised their price target for the company from $398.00 to $469.00 in a research report on Wednesday, September 24th. Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, Seaport Res Ptn raised shares of Quanta Services to a “hold” rating in a research report on Thursday, July 10th. Fourteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.