Quanta Services, Inc. $PWR Shares Sold by Capital & Planning LLC

Capital & Planning LLC decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 59,959 shares of the construction company’s stock after selling 585 shares during the period. Quanta Services accounts for about 15.4% of Capital & Planning LLC’s investment portfolio, making the stock its 4th biggest holding. Capital & Planning LLC’s holdings in Quanta Services were worth $22,669,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in Quanta Services in the first quarter worth $25,000. SOA Wealth Advisors LLC. grew its stake in shares of Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after buying an additional 43 shares during the period. WPG Advisers LLC acquired a new stake in shares of Quanta Services in the 1st quarter valued at about $31,000. AlphaQuest LLC acquired a new stake in shares of Quanta Services in the 1st quarter valued at about $35,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Quanta Services in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Up 0.0%

Quanta Services stock opened at $420.71 on Friday. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $431.24. The stock has a market cap of $62.69 billion, a PE ratio of 65.13, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04. The firm’s 50-day simple moving average is $389.67 and its 200 day simple moving average is $348.44. 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 (NYSE:PWR) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The firm’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 predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is currently 6.19%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Seaport Res Ptn raised Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Northland Securities downgraded shares of 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. Roth Capital reissued a “buy” rating and issued a $450.00 price target (up previously from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. Evercore ISI lifted their price objective on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Mizuho assumed coverage on shares of Quanta Services in a report on Thursday, September 4th. They set a “neutral” rating and a $360.00 price objective for the company. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $404.27.

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.