Dimensional Fund Advisors LP Sells 11,514 Shares of Quanta Services, Inc. $PWR

Key Points

• Dimensional Fund Advisors LP has reduced its holdings in Quanta Services by 1.3%, selling 11,514 shares, and now owns approximately 0.57% of the company, valued at $214.9 million.
• Several institutional investors have made significant adjustments to their positions in Quanta Services, with Nuveen LLC acquiring $404.3 million in new shares, and GAMMA Investing LLC increasing its position by an astonishing 22,475% during the first quarter.
• Analysts have raised their price targets on Quanta Services, with UBS Group increasing its target from $413 to $474, indicating a positive outlook with a consensus rating of "Moderate Buy" and a target price of $392.45.

Dimensional Fund Advisors LP lowered its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 845,473 shares of the construction company's stock after selling 11,514 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.57% of Quanta Services worth $214,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Quanta Services during the 4th quarter valued at about $298,000. Guggenheim Capital LLC grew its stake in Quanta Services by 182.3% during the 4th quarter. Guggenheim Capital LLC now owns 5,700 shares of the construction company's stock valued at $1,801,000 after acquiring an additional 3,681 shares in the last quarter. Commerce Bank grew its stake in Quanta Services by 141.0% during the 4th quarter. Commerce Bank now owns 13,127 shares of the construction company's stock valued at $4,149,000 after acquiring an additional 7,680 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Quanta Services during the 4th quarter valued at about $3,162,000. Finally, Norinchukin Bank The lifted its holdings in shares of Quanta Services by 4.1% during the 4th quarter. Norinchukin Bank The now owns 5,872 shares of the construction company's stock valued at $1,856,000 after buying an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PWR. JPMorgan Chase & Co. lifted their price target on Quanta Services from $345.00 to $392.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Piper Sandler reiterated an "overweight" rating and set a $370.00 price target (up from $360.00) on shares of Quanta Services in a report on Tuesday, May 27th. UBS Group boosted their target price on Quanta Services from $413.00 to $474.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Sanford C. Bernstein lowered 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. Finally, Stifel Nicolaus boosted their target price on Quanta Services from $411.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $392.45.

Quanta Services Stock Performance

NYSE PWR traded up $1.37 during trading on Friday, hitting $379.58. The company's stock had a trading volume of 1,037,698 shares, compared to its average volume of 1,257,407. 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 firm has a 50 day moving average price of $385.24 and a 200 day moving average price of $325.07. The firm has a market cap of $56.56 billion, a P/E ratio of 58.76, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $424.94.

Quanta Services (NYSE:PWR - Get Free Report) last released 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. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services's quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

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.