MBB Public Markets I LLC Reduces Stake in Quanta Services, Inc. $PWR

Key Points

• MBB Public Markets I LLC significantly reduced its holdings in Quanta Services by 93.5%, owning only 1,163 shares valued at $296,000 after selling 16,838 shares in the first quarter.
• Quanta Services reported earnings of $2.48 per share for the quarter, surpassing estimates, with revenues of $6.77 billion, demonstrating a 21.1% increase year-over-year.
• The company declared a quarterly dividend of $0.10, set to be paid on October 10th, with a dividend yield of 0.1% and a payout ratio of 6.19%.

MBB Public Markets I LLC lowered its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 93.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,163 shares of the construction company's stock after selling 16,838 shares during the period. MBB Public Markets I LLC's holdings in Quanta Services were worth $296,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PWR. Brighton Jones LLC bought a new position in shares of Quanta Services in the 4th quarter worth approximately $298,000. NorthRock Partners LLC raised its position in shares of Quanta Services by 147.5% in the 4th quarter. NorthRock Partners LLC now owns 1,995 shares of the construction company's stock worth $631,000 after acquiring an additional 1,189 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Quanta Services in the 4th quarter worth approximately $5,368,000. Nissay Asset Management Corp Japan ADV raised its position in shares of Quanta Services by 36.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 24,043 shares of the construction company's stock worth $7,769,000 after acquiring an additional 6,417 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new position in shares of Quanta Services in the 4th quarter worth approximately $689,000. Institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

PWR has been the subject of several research reports. The Goldman Sachs Group reissued 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. 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. Sanford C. Bernstein downgraded Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a research note on Monday, July 28th. TD Cowen upped their price target on Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Citigroup upped their price target on Quanta Services from $432.00 to $492.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and a consensus price target of $397.18.

Quanta Services Stock Up 0.9%

PWR traded up $3.37 during trading on Monday, hitting $385.90. 774,858 shares of the company's stock traded hands, compared to its average volume of 1,358,638. The company's 50 day simple moving average is $387.66 and its two-hundred day simple moving average is $335.35. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $424.94. The stock has a market capitalization of $57.50 billion, a price-to-earnings ratio of 59.74, a PEG ratio of 2.27 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period last year, the business posted $1.90 EPS. The company's revenue 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. Analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services's dividend payout ratio (DPR) is currently 6.19%.

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.