B. Metzler seel. Sohn & Co. AG Acquires 10,776 Shares of Quanta Services, Inc. $PWR

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in Quanta Services, Inc. by 106.6%, owning 20,881 shares valued at approximately $5.31 million at the end of the most recent quarter.
• Analysts have mixed ratings for Quanta Services, with thirteen giving it a Buy rating and an average target price of $392.45, while Northland Securities downgraded it to a "market perform" with a target of $354.00.
• Quanta Services reported earnings of $2.48 per share for the last quarter, exceeding estimates, with a revenue increase of 21.1% compared to the same period last year.

B. Metzler seel. Sohn & Co. AG boosted its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 106.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,881 shares of the construction company's stock after purchasing an additional 10,776 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Quanta Services were worth $5,307,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Quanta Services by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company's stock worth $4,427,129,000 after purchasing an additional 407,878 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Quanta Services by 42.8% during the 4th quarter. Bank of America Corp DE now owns 1,691,652 shares of the construction company's stock worth $534,647,000 after buying an additional 506,722 shares during the last quarter. Nuveen LLC acquired a new position in shares of Quanta Services during the 1st quarter worth about $404,288,000. Northern Trust Corp boosted its stake in shares of Quanta Services by 3.8% during the 1st quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company's stock worth $392,839,000 after buying an additional 56,081 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Quanta Services by 7.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,143,033 shares of the construction company's stock worth $361,256,000 after buying an additional 82,981 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PWR shares. BMO Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from $352.00 to $400.00 in a research note on Thursday, July 17th. 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 note on Monday, July 28th. Piper Sandler restated an "overweight" rating and set a $370.00 price objective (up from $360.00) on shares of Quanta Services in a research note on Tuesday, May 27th. 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 note on Friday, July 25th. Finally, Citigroup raised their target price on shares of Quanta Services from $432.00 to $492.00 and gave the company a "buy" rating in a research note on Monday, July 28th. 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, Quanta Services presently has an average rating of "Moderate Buy" and a consensus price target of $392.45.

Quanta Services Stock Performance

NYSE:PWR traded down $7.72 during mid-day trading on Friday, hitting $378.24. The stock had a trading volume of 774,371 shares, compared to its average volume of 1,012,933. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $424.94. The stock has a market cap of $56.36 billion, a price-to-earnings ratio of 58.55, a PEG ratio of 2.24 and a beta of 1.10. The company's 50 day simple moving average is $387.37 and its 200 day simple moving average is $327.85. 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 (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business's revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Quanta Services's dividend payout ratio is currently 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.