Wilson Asset Management International PTY Ltd. Has $20.21 Million Position in Quanta Services, Inc. $PWR

Wilson Asset Management International PTY Ltd. decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWRFree Report) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,456 shares of the construction company’s stock after selling 1,830 shares during the period. Quanta Services makes up 5.0% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 7th biggest holding. Wilson Asset Management International PTY Ltd.’s holdings in Quanta Services were worth $20,211,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new stake in Quanta Services during the first quarter valued at about $25,000. SOA Wealth Advisors LLC. lifted its stake in Quanta Services by 159.3% during 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. WPG Advisers LLC purchased a new stake in Quanta Services during the first quarter valued at about $31,000. Ameriflex Group Inc. lifted its stake in Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in Quanta Services during the first quarter valued at about $35,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 3.4%

Shares of Quanta Services stock opened at $431.61 on Tuesday. The stock has a market capitalization of $64.31 billion, a P/E ratio of 66.81, a PEG ratio of 2.47 and a beta of 1.04. 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 50 day moving average price of $392.56 and a two-hundred day moving average price of $357.49. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $443.97.

Quanta Services (NYSE:PWRGet Free Report) last announced 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 firm had revenue of $6.77 billion during 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 revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities 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. Stockholders of record on Wednesday, October 1st were 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 was Wednesday, October 1st. Quanta Services’s dividend payout ratio is currently 6.19%.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of analyst reports. BMO Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $352.00 to $400.00 in a research note on Thursday, July 17th. Mizuho started coverage on Quanta Services in a report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 target price on the stock. Roth Capital reiterated a “buy” rating and issued a $450.00 target price (up previously from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Truist Financial upped their target price on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Northland Capmk downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 2nd. 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $408.45.

View Our Latest Analysis on Quanta Services

Quanta Services Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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