SageView Advisory Group LLC Has $2.42 Million Stock Holdings in Quanta Services, Inc. $PWR

SageView Advisory Group LLC lowered its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,524 shares of the construction company’s stock after selling 738 shares during the period. SageView Advisory Group LLC’s holdings in Quanta Services were worth $2,421,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Quanta Services in the fourth quarter worth approximately $298,000. Focus Partners Wealth increased its position in shares of Quanta Services by 36.9% during the fourth quarter. Focus Partners Wealth now owns 26,454 shares of the construction company’s stock valued at $8,361,000 after acquiring an additional 7,133 shares during the last quarter. Gotham Asset Management LLC increased its position in Quanta Services by 23.2% in the fourth quarter. Gotham Asset Management LLC now owns 16,451 shares of the construction company’s stock worth $5,199,000 after buying an additional 3,095 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in Quanta Services in the fourth quarter worth $2,215,000. Finally, Obermeyer Wealth Partners grew its position in shares of Quanta Services by 6.1% in the fourth quarter. Obermeyer Wealth Partners now owns 955 shares of the construction company’s stock valued at $302,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Down 0.6%

PWR opened at $373.37 on Wednesday. The business has a 50 day simple moving average of $387.34 and a two-hundred day simple moving average of $332.25. The firm has a market capitalization of $55.64 billion, a price-to-earnings ratio of 57.80, a PEG ratio of 2.23 and a beta of 1.01. 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, Inc. has a one year low of $227.08 and a one year high of $424.94.

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

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be paid a $0.10 dividend. The ex-dividend date is 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 brokerages have recently weighed in on PWR. Northland Securities cut Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price target for the company. in a research report on Wednesday, July 2nd. Northland Capmk cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Stifel Nicolaus boosted their target price on Quanta Services from $411.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Truist Financial boosted their target price on Quanta Services from $375.00 to $472.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Finally, Mizuho initiated 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. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $397.18.

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.