Caxton Associates LLP Takes $846,000 Position in Quanta Services, Inc. $PWR

Key Points

• Caxton Associates LLP invested approximately $846,000 in Quanta Services, acquiring 3,329 shares of the construction company’s stock during the first quarter.
• Analysts have set a consensus price target of $397.18 for Quanta Services, with thirteen analysts rated as Buy and twelve as Hold.
• Quanta Services announced a quarterly dividend of $0.10 per share, with an ex-dividend date of October 1st, reflecting a 0.1% yield.

Caxton Associates LLP bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,329 shares of the construction company's stock, valued at approximately $846,000.

Other large investors have also made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Quanta Services by 3.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company's stock worth $242,000 after purchasing an additional 32 shares in the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Quanta Services by 1.1% in the first quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company's stock worth $792,000 after acquiring an additional 34 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its stake in shares of Quanta Services by 3.4% during the first quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company's stock worth $277,000 after acquiring an additional 36 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Quanta Services by 2.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company's stock valued at $365,000 after purchasing an additional 37 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Quanta Services by 15.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 282 shares of the construction company's stock worth $72,000 after purchasing an additional 38 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Quanta Services stock traded down $7.14 during midday trading on Friday, hitting $382.50. 833,428 shares of the company were exchanged, compared to its average volume of 837,370. The business has a fifty day simple moving average of $387.66 and a two-hundred day simple moving average of $334.82. 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 firm has a market capitalization of $57.00 billion, a PE ratio of 59.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $424.94.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results 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 return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the previous year, the company posted $1.90 earnings per share. Quanta Services's revenue for the quarter 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, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently declared 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 yield of 0.1%. Quanta Services's dividend payout ratio is presently 6.19%.

Analysts Set New Price Targets

PWR has been the topic of a number of recent analyst reports. Roth Capital restated a "buy" rating and set a $450.00 price target (up previously from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. DA Davidson raised their target price on Quanta Services from $305.00 to $395.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Northland Securities downgraded Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price target on the stock. in a research note on Wednesday, July 2nd. Seaport Res Ptn upgraded Quanta Services to a "hold" rating in a research note on Thursday, July 10th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $370.00 target price (up previously from $360.00) on shares of Quanta Services in a research report on Tuesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and an average target price of $397.18.

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.