Natural Investments LLC Purchases Shares of 685 Quanta Services, Inc. $PWR

Natural Investments LLC bought a new position in Quanta Services, Inc. (NYSE:PWR) in the second quarter, HoldingsChannel reports. The firm bought 685 shares of the construction company’s stock, valued at approximately $259,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SCP Investment LP purchased a new position in shares of Quanta Services in the 1st quarter worth approximately $966,000. Brighton Jones LLC purchased a new position in shares of Quanta Services in the 4th quarter worth approximately $298,000. Swedbank AB boosted its holdings in shares of Quanta Services by 50.5% in the 1st quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after purchasing an additional 401,418 shares during the period. Wealth Enhancement Advisory Services LLC boosted 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 worth $17,480,000 after purchasing an additional 2,479 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Quanta Services by 60.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company’s stock worth $404,000 after purchasing an additional 588 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Evercore ISI raised their price target on Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Wall Street Zen lowered Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Stifel Nicolaus raised their price target on Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group raised Quanta Services from a “hold” rating to a “buy” rating and raised their price target for the stock from $398.00 to $469.00 in a research note on Wednesday, September 24th. Fourteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $408.45.

Quanta Services Trading Down 3.0%

Shares of NYSE PWR opened at $417.15 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $391.79 and a two-hundred day simple moving average of $355.54. The firm has a market cap of $62.16 billion, a PE ratio of 64.57, a price-to-earnings-growth ratio of 2.47 and a beta of 1.04. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $443.97.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The business 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%.Quanta Services’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were given a $0.10 dividend. 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 payout ratio is presently 6.19%.

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.