Ceredex Value Advisors LLC Invests $32.34 Million in Quanta Services, Inc. $PWR

Key Points

• Ceredex Value Advisors LLC has invested approximately $32.34 million in Quanta Services, acquiring 127,250 shares during the 1st quarter, representing about 0.09% ownership of the company.
• Quanta Services reported $2.48 EPS for the last quarter, exceeding analysts' expectations, with revenue increasing by 21.1% year-over-year to $6.77 billion.
• Wall Street analysts have mixed ratings on Quanta Services, with a consensus rating of "Moderate Buy" and an average target price of $392.45.

Ceredex Value Advisors LLC purchased a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 127,250 shares of the construction company's stock, valued at approximately $32,344,000. Ceredex Value Advisors LLC owned about 0.09% of Quanta Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PWR. Brighton Jones LLC bought a new position in Quanta Services during the fourth quarter worth about $298,000. Coldstream Capital Management Inc. lifted its holdings in Quanta Services by 3.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,347 shares of the construction company's stock worth $1,374,000 after acquiring an additional 127 shares in the last quarter. Quarry LP acquired a new stake in shares of Quanta Services in the 4th quarter valued at about $26,000. Northern Trust Corp raised its stake in shares of Quanta Services by 18.5% in the 4th quarter. Northern Trust Corp now owns 1,489,433 shares of the construction company's stock valued at $470,735,000 after purchasing an additional 232,375 shares during the period. Finally, Lido Advisors LLC raised its stake in shares of Quanta Services by 12.5% in the 4th quarter. Lido Advisors LLC now owns 5,108 shares of the construction company's stock valued at $1,614,000 after purchasing an additional 566 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Performance

Shares of Quanta Services stock traded down $7.72 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 business's 50 day moving average is $387.37 and its two-hundred day moving average is $327.85. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $56.36 billion, a price-to-earnings ratio of 58.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.10.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm's quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. 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. Shareholders of record on Wednesday, October 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Quanta Services's dividend payout ratio (DPR) is currently 6.19%.

Analysts Set New Price Targets

PWR has been the topic of several recent research reports. 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. Stifel Nicolaus lifted their target price on Quanta Services from $411.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Piper Sandler reaffirmed 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. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $414.00 target price (up previously from $364.00) on shares of Quanta Services in a research report on Wednesday, June 4th. Finally, Evercore ISI lifted their target price on Quanta Services from $360.00 to $410.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. 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, Quanta Services presently has a consensus rating of "Moderate Buy" and an average target price of $392.45.

Quanta Services Company 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.