Integrated Quantitative Investments LLC Acquires New Shares in Quanta Services, Inc. $PWR

Integrated Quantitative Investments LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,072 shares of the construction company’s stock, valued at approximately $1,161,000.

Several other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC purchased a new stake in Quanta Services during the 4th quarter worth about $298,000. Sigma Planning Corp lifted its holdings 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 buying an additional 464 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Quanta Services by 61.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 300 shares of the construction company’s stock valued at $76,000 after acquiring an additional 114 shares during the period. Larson Financial Group LLC grew its stake in Quanta Services by 21.7% during the first quarter. Larson Financial Group LLC now owns 555 shares of the construction company’s stock valued at $141,000 after acquiring an additional 99 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Quanta Services during the 1st quarter worth approximately $25,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Sanford C. Bernstein downgraded shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price target for the company. in a report on Monday, July 28th. DA Davidson lifted their price objective on Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Mizuho set a $415.00 target price on Quanta Services in a research note on Tuesday, October 28th. JPMorgan Chase & Co. boosted their price objective on Quanta Services from $436.00 to $457.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Jefferies Financial Group raised their target price on shares of Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Twelve equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $438.64.

Insider Activity

In other news, EVP Donald Wayne sold 14,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $443.81, for a total transaction of $6,213,340.00. Following the completion of the sale, the executive vice president directly owned 34,575 shares in the company, valued at approximately $15,344,730.75. This represents a 28.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Worthing Jackman sold 6,349 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total value of $2,859,907.05. Following the transaction, the director owned 2,730 shares in the company, valued at approximately $1,229,728.50. This represents a 69.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is owned by corporate insiders.

Quanta Services Stock Performance

NYSE PWR opened at $428.34 on Friday. The company has a 50-day simple moving average of $421.12 and a two-hundred day simple moving average of $386.84. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $469.43. The firm has a market cap of $63.87 billion, a price-to-earnings ratio of 66.31, a PEG ratio of 2.66 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59.

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 return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the company posted $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, equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

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

Quanta Services Company 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.