Alamea Verwaltungs GmbH Buys New Stake in Quanta Services, Inc. $PWR

Key Points

• Alamea Verwaltungs GmbH has invested $449,000 in Quanta Services, acquiring 1,767 shares as reported in its 13F filing with the SEC.
• Vanguard Group Inc. and other institutional investors are increasing their stakes in Quanta Services, which now has 90.49% of its stock owned by institutional investors.
• Quanta Services reported a quarterly EPS of $2.48, exceeding the consensus estimate of $2.44, with revenue rising by 21.1% year-over-year to $6.77 billion.

Alamea Verwaltungs GmbH bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,767 shares of the construction company's stock, valued at approximately $449,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Transatlantique SA bought a new position in shares of Quanta Services in the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Quanta Services in the 1st quarter worth approximately $25,000. Quarry LP bought a new position in shares of Quanta Services in the 4th quarter worth approximately $26,000. WPG Advisers LLC bought a new position in shares of Quanta Services in the 1st quarter worth approximately $31,000. Finally, AlphaQuest LLC bought a new position in shares of Quanta Services in the 1st quarter worth approximately $35,000. Institutional investors own 90.49% of the company's stock.

Quanta Services Price Performance

PWR traded up $1.37 during trading on Thursday, reaching $375.78. 937,468 shares of the company traded hands, compared to its average volume of 1,374,560. 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 12-month low of $227.08 and a 12-month high of $424.94. The firm has a fifty day simple moving average of $387.65 and a 200 day simple moving average of $329.39. The company has a market cap of $55.99 billion, a P/E ratio of 58.17, a PEG ratio of 2.24 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last announced 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. 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 during the quarter, compared to analyst estimates of $6.55 billion. During the same period last year, the firm posted $1.90 EPS. The company's revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is 6.19%.

Wall Street Analyst Weigh In

PWR has been the topic of several recent research reports. 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. UBS Group increased their target price on shares of Quanta Services from $413.00 to $474.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Truist Financial increased their target price on shares of Quanta Services from $375.00 to $472.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Daiwa America lowered shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Sanford C. Bernstein lowered shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 target price for the company. in a report on Monday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $397.18.

About Quanta Services

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.