AG2R LA Mondiale Gestion D Actifs Has $2.36 Million Stock Holdings in Quanta Services, Inc. $PWR

Key Points

• AG2R LA Mondiale Gestion D Actifs has reduced its stake in Quanta Services, Inc. by 14% during Q2, leaving its holdings valued at $2.36 million.
• Quanta Services has received mixed ratings from analysts, with Jefferies upgrading it to "buy" and a consensus price target of $411.59 based on multiple analyst reports.
• The company announced a quarterly $0.10 dividend, resulting in a 0.1% yield, reflecting a low payout ratio of 6.19%.

AG2R LA Mondiale Gestion D Actifs cut its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,234 shares of the construction company's stock after selling 1,014 shares during the period. AG2R LA Mondiale Gestion D Actifs' holdings in Quanta Services were worth $2,357,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Copia Wealth Management increased its position in shares of Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company's stock worth $25,000 after acquiring an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company's stock worth $26,000 after acquiring an additional 43 shares in the last quarter. Ameriflex Group Inc. increased its position in shares of Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company's stock worth $32,000 after acquiring an additional 40 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services during the first quarter worth $25,000. Finally, Hemington Wealth Management increased its position in shares of Quanta Services by 69.0% during the second quarter. Hemington Wealth Management now owns 120 shares of the construction company's stock worth $45,000 after acquiring an additional 49 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Quanta Services from a "hold" rating to a "buy" rating and increased their price objective for the stock from $398.00 to $469.00 in a research report on Wednesday, September 24th. Sanford C. Bernstein downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price objective for the company. in a research report on Monday, July 28th. UBS Group raised their target price on shares of Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Quanta Services in a research report on Saturday. Finally, Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a research report on Thursday, July 10th. Fourteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $411.59.

Quanta Services Trading Up 3.2%

Shares of NYSE:PWR opened at $441.09 on Friday. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $447.17. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The company has a market capitalization of $65.73 billion, a P/E ratio of 68.28, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. The company has a 50-day simple moving average of $401.36 and a 200 day simple moving average of $368.20.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The company 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 business's revenue was up 21.1% on a year-over-year basis. During the same period last year, the firm posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio is presently 6.19%.

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.

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