Securian Asset Management Inc. Has $2.92 Million Position in Quanta Services, Inc. $PWR

Securian Asset Management Inc. reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,717 shares of the construction company’s stock after selling 115 shares during the period. Securian Asset Management Inc.’s holdings in Quanta Services were worth $2,918,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Copia Wealth Management grew its holdings in Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after acquiring an additional 56 shares during the period. SOA Wealth Advisors LLC. boosted its position in shares of Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares in the last quarter. Ameriflex Group Inc. boosted its stake in Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Quanta Services during the 1st quarter valued at about $25,000. Finally, Hemington Wealth Management boosted its stake in Quanta Services by 69.0% during the 2nd quarter. Hemington Wealth Management now owns 120 shares of the construction company’s stock valued at $45,000 after purchasing an additional 49 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group upgraded Quanta Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $398.00 to $469.00 in a research note on Wednesday, September 24th. Wall Street Zen downgraded Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. JPMorgan Chase & Co. lifted their target price on shares of Quanta Services from $395.00 to $436.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Northland Securities cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 target price on the stock. in a research report on Wednesday, July 2nd. Finally, Seaport Res Ptn raised shares of Quanta Services to a “hold” rating in a research report on Thursday, July 10th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $411.59.

Quanta Services Trading Down 0.8%

NYSE:PWR opened at $437.30 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $65.16 billion, a PE ratio of 67.69, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. The firm’s 50 day moving average is $398.49 and its 200 day moving average is $364.40. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $446.60.

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

Quanta Services Dividend Announcement

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

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.