7,248 Shares in Quanta Services, Inc. $PWR Purchased by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 7,248 shares of Quanta Services, Inc. for approximately $1.84 million during the first quarter.
• Quanta Services recently reported a quarterly EPS of $2.48, exceeding estimates and showing a revenue increase of 21.1% year-over-year.
• The company declared a quarterly dividend of $0.10 per share, payable on October 10th, representing an annual yield of 0.1%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,248 shares of the construction company's stock, valued at approximately $1,842,000.

A number of other hedge funds have also bought and sold shares of PWR. Brighton Jones LLC acquired a new stake in Quanta Services during the fourth quarter worth about $298,000. NorthRock Partners LLC grew its stake in Quanta Services by 147.5% during the fourth quarter. NorthRock Partners LLC now owns 1,995 shares of the construction company's stock worth $631,000 after buying an additional 1,189 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Quanta Services during the fourth quarter worth about $5,368,000. Nissay Asset Management Corp Japan ADV grew its stake in Quanta Services by 36.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 24,043 shares of the construction company's stock worth $7,769,000 after buying an additional 6,417 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Quanta Services by 8.1% during the fourth quarter. Quantinno Capital Management LP now owns 11,817 shares of the construction company's stock worth $3,735,000 after buying an additional 890 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Down 1.8%

NYSE:PWR opened at $382.50 on Friday. The firm's 50 day simple moving average is $387.66 and its 200 day simple moving average is $334.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $424.94. The company has a market cap of $57.00 billion, a PE ratio of 59.21, a P/E/G ratio of 2.31 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period last year, the company earned $1.90 EPS. The firm's revenue was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is presently 6.19%.

Wall Street Analyst Weigh In

PWR has been the topic of a number of analyst reports. Daiwa America downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. DA Davidson increased their price objective 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. Sanford C. Bernstein downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a research note on Monday, July 28th. UBS Group raised their price target on shares of Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Stifel Nicolaus raised their price target on shares of Quanta Services from $411.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $397.18.

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.

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