World Investment Advisors Raises Stock Position in Quanta Services, Inc. $PWR

World Investment Advisors increased its stake in Quanta Services, Inc. (NYSE:PWR) by 612.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,871 shares of the construction company’s stock after purchasing an additional 5,047 shares during the quarter. World Investment Advisors’ holdings in Quanta Services were worth $2,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Biltmore Family Office LLC purchased a new stake in Quanta Services in the second quarter worth approximately $264,000. New York Life Investment Management LLC boosted its holdings in Quanta Services by 1.6% in the second quarter. New York Life Investment Management LLC now owns 22,197 shares of the construction company’s stock worth $8,392,000 after purchasing an additional 359 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in Quanta Services by 27.1% in the second quarter. Howard Capital Management Inc. now owns 13,850 shares of the construction company’s stock worth $5,236,000 after purchasing an additional 2,951 shares during the last quarter. Purkiss Capital Advisors LLC purchased a new stake in Quanta Services in the second quarter worth approximately $214,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Quanta Services by 60.6% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 5,438 shares of the construction company’s stock worth $2,056,000 after purchasing an additional 2,051 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PWR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a research note on Wednesday, October 8th. BMO Capital Markets cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $352.00 to $400.00 in a research note on Thursday, July 17th. Stifel Nicolaus lifted their price target on shares of Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Mizuho set a $415.00 price target on shares of Quanta Services in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Quanta Services from $395.00 to $436.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $414.09.

Quanta Services Stock Up 1.0%

PWR opened at $453.20 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $460.86. The firm’s fifty day moving average is $406.70 and its 200 day moving average is $373.13. The stock has a market cap of $67.53 billion, a price-to-earnings ratio of 70.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04.

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

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were paid a dividend of $0.10 per share. The ex-dividend date 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 6.19%.

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.