Quanta Services, Inc. $PWR Shares Acquired by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its holdings in Quanta Services, Inc. by 52.8%, acquiring an additional 2,675 shares to total 7,742 shares valued at approximately $1.97 million.
• Quanta Services reported $2.48 EPS for its latest quarter, exceeding analysts' estimates, with revenues of $6.77 billion, marking a 21.1% year-over-year increase.
• The company has announced a quarterly dividend of $0.10 per share, which will be paid on October 10th, representing an annual yield of 0.1%.

Federation des caisses Desjardins du Quebec lifted its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 52.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,742 shares of the construction company's stock after purchasing an additional 2,675 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Quanta Services were worth $1,968,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PWR. Brighton Jones LLC bought a new stake in Quanta Services during the fourth quarter worth approximately $298,000. Benjamin Edwards Inc. increased its stake in Quanta Services by 24.7% during the fourth quarter. Benjamin Edwards Inc. now owns 2,138 shares of the construction company's stock worth $676,000 after acquiring an additional 423 shares during the last quarter. Captrust Financial Advisors increased its stake in Quanta Services by 35.0% during the fourth quarter. Captrust Financial Advisors now owns 8,406 shares of the construction company's stock worth $2,657,000 after acquiring an additional 2,181 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in Quanta Services by 3.1% during the fourth quarter. Clark Capital Management Group Inc. now owns 10,397 shares of the construction company's stock worth $3,286,000 after acquiring an additional 309 shares during the last quarter. Finally, Fiduciary Trust Co increased its stake in Quanta Services by 3.1% during the fourth quarter. Fiduciary Trust Co now owns 8,023 shares of the construction company's stock worth $2,536,000 after acquiring an additional 239 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Down 1.8%

Quanta Services stock traded down $7.14 during mid-day trading on Friday, reaching $382.50. 833,428 shares of the company were exchanged, compared to its average volume of 837,370. The business has a fifty day moving average of $387.66 and a 200 day moving average of $334.36. 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 cap of $57.00 billion, a P/E ratio of 59.21, a PEG ratio of 2.31 and a beta of 1.01. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $424.94.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services's revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business 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 dividend of $0.10 per share. The ex-dividend date 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 currently 6.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. DA Davidson boosted their price objective on Quanta Services from $305.00 to $395.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Stifel Nicolaus boosted 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. TD Cowen boosted their target price on Quanta Services from $355.00 to $425.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Daiwa America lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Northland Capmk lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 2nd. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and an average price target of $397.18.

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.