Quanta Services, Inc. $PWR Shares Sold by NBT Bank N A NY

NBT Bank N A NY reduced its holdings in Quanta Services, Inc. (NYSE:PWR) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,778 shares of the construction company’s stock after selling 475 shares during the quarter. NBT Bank N A NY’s holdings in Quanta Services were worth $2,185,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SCP Investment LP acquired a new stake in Quanta Services in the 1st quarter valued at approximately $966,000. Brighton Jones LLC acquired a new stake in Quanta Services in the 4th quarter valued at approximately $298,000. Swedbank AB increased its position in Quanta Services by 50.5% in the 1st quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock valued at $304,269,000 after acquiring an additional 401,418 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in 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 valued at $17,480,000 after acquiring an additional 2,479 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Quanta Services by 60.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company’s stock valued at $404,000 after acquiring an additional 588 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PWR shares. TD Cowen lifted their price target on Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Evercore ISI lifted their price target on Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Citigroup lifted their price target on Quanta Services from $432.00 to $492.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a research report on Thursday, July 10th. Finally, UBS Group lifted their price target on Quanta Services from $413.00 to $474.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $406.50.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $443.56 on Thursday. 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 stock has a market capitalization of $66.09 billion, a price-to-earnings ratio of 68.66, a PEG ratio of 2.50 and a beta of 1.04. The stock’s fifty day simple moving average is $390.85 and its 200 day simple moving average is $352.87. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be 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 is Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 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.