Asset Management One Co. Ltd. Boosts Holdings in Quanta Services, Inc. $PWR

Key Points

• Asset Management One Co. Ltd. increased its stake in Quanta Services by 7.4%, owning approximately 0.06% of the company worth $34.4 million at the end of the second quarter.
• Quanta Services reported an earnings per share of $2.48 for the last quarter, surpassing expectations, and set its FY 2025 guidance at 10.280-10.880 EPS.
• The company recently declared a $0.10 quarterly dividend, representing an annualized yield of 0.1%, with a dividend payout ratio of 6.19%.

Asset Management One Co. Ltd. lifted its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,016 shares of the construction company's stock after buying an additional 6,265 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Quanta Services worth $34,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in Quanta Services during the 1st quarter worth $25,000. Copia Wealth Management grew its position in Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company's stock worth $25,000 after purchasing an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company's stock worth $26,000 after purchasing an additional 43 shares during the last quarter. WPG Advisers LLC purchased a new position in Quanta Services during the 1st quarter worth $31,000. Finally, Ameriflex Group Inc. grew its position in Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company's stock worth $32,000 after purchasing an additional 40 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Up 3.2%

Shares of NYSE PWR opened at $441.09 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $447.17. The firm has a 50-day moving average price of $401.36 and a 200 day moving average price of $367.34. The stock has a market capitalization of $65.73 billion, a price-to-earnings ratio of 68.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating 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 firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.55 billion. During the same quarter last year, the business earned $1.90 earnings per share. The business's revenue for the quarter 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. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is 6.19%.

Analysts Set New Price Targets

PWR has been the topic of several research reports. Wall Street Zen downgraded shares of Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a research report on Thursday, July 10th. Daiwa America downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report 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 target price on the stock. in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Quanta Services from $395.00 to $436.00 and gave the company a "neutral" rating in a report on Thursday, October 16th. Fourteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $411.59.

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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