Swiss National Bank Increases Stake in Quanta Services, Inc. $PWR

Swiss National Bank grew its position in Quanta Services, Inc. (NYSE:PWR) by 7.7% during the 2nd quarter, Holdings Channel reports. The fund owned 448,535 shares of the construction company’s stock after buying an additional 32,200 shares during the quarter. Swiss National Bank’s holdings in Quanta Services were worth $169,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Copia Wealth Management increased its position 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 purchasing an additional 56 shares during the period. SOA Wealth Advisors LLC. boosted its stake in shares of Quanta Services by 159.3% in the second 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 in the last quarter. Solstein Capital LLC grew its holdings in Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares during the period. WPG Advisers LLC purchased a new position in Quanta Services in the first quarter worth $31,000. Finally, Ameriflex Group Inc. lifted its holdings in Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Donald Wayne sold 14,000 shares of Quanta Services 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 $15,344,730.75. The trade was a 28.82% 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 Worthing Jackman sold 6,349 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the completion of the transaction, the director directly owned 2,730 shares of the company’s stock, valued at approximately $1,229,728.50. This represents a 69.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,002 shares of company stock valued at $14,295,857 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Quanta Services Price Performance

PWR stock opened at $430.17 on Friday. The stock’s 50 day moving average price is $426.33 and its 200 day moving average price is $390.48. The firm has a market cap of $64.15 billion, a P/E ratio of 66.59, a PEG ratio of 2.66 and a beta of 1.10. 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, Inc. has a 1 year low of $227.08 and a 1 year high of $469.43.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $7.41 billion. During the same quarter last year, the business 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, sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were issued 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 dividend payout ratio is 6.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PWR shares. DA Davidson upped their price target on shares of Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. TD Cowen increased their target price on shares of Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Roth Capital set a $500.00 price target on shares of Quanta Services and gave the company a “buy” rating in a research report on Friday, October 31st. Evercore ISI upped their price target on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Mizuho set a $415.00 price objective on Quanta Services in a report on Tuesday, October 28th. Twelve equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, Quanta Services has a consensus rating of “Hold” and an average price target of $438.64.

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.