Quanta Services, Inc. $PWR Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Quanta Services, Inc. by 24.8%, owning 28,150 shares valued at approximately $7.15 million after selling 9,300 shares.
• Vanguard Group Inc. increased its stake in Quanta Services by 2.4%, now holding 17.4 million shares valued at about $4.43 billion.
• Recent analyst ratings reflect a mix of adjustments, with Northland Capmk lowering their rating from "strong-buy" to "hold," while UBS raised its price target from $413 to $474 with a "buy" rating.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,150 shares of the construction company's stock after selling 9,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Quanta Services were worth $7,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Frank Rimerman Advisors LLC raised its holdings in shares of 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 buying an additional 34 shares during the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in shares of Quanta Services by 3.4% in the first quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company's stock worth $277,000 after buying an additional 36 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Quanta Services by 2.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company's stock worth $365,000 after buying an additional 37 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Quanta Services by 15.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 282 shares of the construction company's stock worth $72,000 after buying an additional 38 shares during the last quarter. Finally, Kerntke Otto McGlone Wealth Management Group raised its holdings in shares of Quanta Services by 3.0% in the first quarter. Kerntke Otto McGlone Wealth Management Group now owns 1,356 shares of the construction company's stock worth $345,000 after buying an additional 39 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PWR has been the subject of several recent research reports. B. Riley raised their target price on shares of Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Northland Capmk cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Wall Street Zen raised shares of Quanta Services from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Sanford C. Bernstein cut shares of 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, BMO Capital Markets cut shares of Quanta Services from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $352.00 to $400.00 in a report on Thursday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $392.45.

Quanta Services Stock Performance

PWR stock traded down $5.95 during midday trading on Wednesday, hitting $373.32. 682,015 shares of the stock traded hands, compared to its average volume of 1,411,146. The firm has a market cap of $55.63 billion, a P/E ratio of 57.79, a PEG ratio of 2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The stock's fifty day simple moving average is $384.01 and its 200-day simple moving average is $323.64. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94.

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

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is 6.19%.

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.