Segall Bryant & Hamill LLC Has $34.31 Million Position in Quanta Services, Inc. $PWR

Segall Bryant & Hamill LLC increased its stake in Quanta Services, Inc. (NYSE:PWR) by 112.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,741 shares of the construction company’s stock after purchasing an additional 48,034 shares during the period. Segall Bryant & Hamill LLC’s holdings in Quanta Services were worth $34,307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SCP Investment LP bought a new position in shares of Quanta Services in the first quarter valued at $966,000. Brighton Jones LLC bought a new stake in Quanta Services during the fourth quarter worth $298,000. PNC Financial Services Group Inc. lifted its stake in Quanta Services by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 606,414 shares of the construction company’s stock valued at $229,273,000 after acquiring an additional 5,670 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Quanta Services in the 2nd quarter valued at about $271,000. Finally, Swedbank AB increased its stake in shares of Quanta Services by 50.5% during the 1st quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after purchasing an additional 401,418 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the sale, the insider owned 19,960 shares of the company’s stock, valued at $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bernard Fried sold 4,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $452.19, for a total value of $1,808,760.00. Following the transaction, the director owned 12,493 shares in the company, valued at approximately $5,649,209.67. This trade represents a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is currently owned by corporate insiders.

Quanta Services Stock Up 0.1%

PWR stock opened at $430.17 on Friday. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $469.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The stock has a market capitalization of $64.15 billion, a price-to-earnings ratio of 66.59, a PEG ratio of 2.66 and a beta of 1.10. The business’s fifty day moving average price is $426.33 and its two-hundred day moving average price is $390.48.

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

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s payout ratio is presently 6.52%.

Analysts Set New Price Targets

A number of equities analysts recently commented on PWR shares. UBS Group lifted their price target on Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Evercore ISI raised their price objective on Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Roth Capital set a $500.00 target price on Quanta Services and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Quanta Services in a report on Wednesday. Finally, Stifel Nicolaus set a $495.00 price objective on shares of Quanta Services in a report on Monday, November 3rd. Twelve analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $438.64.

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.