Vontobel Holding Ltd. Lowers Stake in Quanta Services, Inc. $PWR

Vontobel Holding Ltd. lowered its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 13.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 185,553 shares of the construction company’s stock after selling 29,714 shares during the period. Vontobel Holding Ltd. owned approximately 0.13% of Quanta Services worth $70,154,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SCP Investment LP purchased a new position in shares of Quanta Services during the 1st quarter worth approximately $966,000. Brighton Jones LLC purchased a new position in shares of Quanta Services during the 4th quarter worth approximately $298,000. Swedbank AB lifted its holdings in 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 buying an additional 401,418 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Quanta Services by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company’s stock worth $17,480,000 after buying an additional 2,479 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Quanta Services by 60.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company’s stock worth $404,000 after buying an additional 588 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 5.2%

NYSE PWR opened at $443.56 on Thursday. 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 firm’s fifty day moving average price is $390.85 and its 200 day moving average price is $352.87. The company has a market capitalization of $66.09 billion, a price-to-earnings ratio of 68.66, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $443.97.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be 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 of this dividend is Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 6.19%.

Analyst Ratings Changes

PWR has been the topic of a number of research reports. TD Cowen increased their target price on shares of Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Evercore ISI increased their target price on shares of Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a report on Wednesday. Finally, DA Davidson increased their target price on shares of Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $406.50.

Quanta Services 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.