Quanta Services, Inc. $PWR Stock Holdings Increased by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Quanta Services by 5.3%, acquiring an additional 2,800 shares during the second quarter, bringing its total holdings to 55,400 shares worth approximately $20.95 million.
• Quanta Services reported a quarterly earnings per share of $2.48, exceeding expectations, with revenue up 21.1% year-over-year to $6.77 billion.
• The company has declared a quarterly dividend of $0.10, with a dividend yield of 0.1%, set to be paid on October 10th.

Mn Services Vermogensbeheer B.V. boosted its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 5.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 55,400 shares of the construction company's stock after acquiring an additional 2,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Quanta Services were worth $20,946,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PWR. Brighton Jones LLC bought a new position in Quanta Services during the fourth quarter worth about $298,000. Vident Advisory LLC grew its stake in Quanta Services by 10.2% in the 4th quarter. Vident Advisory LLC now owns 3,385 shares of the construction company's stock valued at $1,070,000 after buying an additional 312 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Quanta Services during the 4th quarter worth $2,802,000. Waverly Advisors LLC bought a new position in Quanta Services in the fourth quarter worth about $345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Quanta Services by 7.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,143,033 shares of the construction company's stock worth $361,256,000 after purchasing an additional 82,981 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of NYSE:PWR traded up $0.54 on Monday, hitting $389.12. The company had a trading volume of 188,764 shares, compared to its average volume of 1,346,114. The stock has a 50 day moving average price of $387.90 and a 200 day moving average price of $340.01. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock has a market cap of $57.98 billion, a price-to-earnings ratio of 60.24, a P/E/G ratio of 2.31 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's dividend payout ratio is currently 6.19%.

Analysts Set New Price Targets

PWR has been the subject of a number of research analyst reports. Mizuho started coverage on shares of Quanta Services in a report on Thursday, September 4th. They set a "neutral" rating and a $360.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $345.00 to $392.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen lowered shares of Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. The Goldman Sachs Group reiterated a "buy" rating and set a $414.00 price target (up previously from $364.00) on shares of Quanta Services in a report on Wednesday, June 4th. Finally, Sanford C. Bernstein cut Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price objective for the company. in a report on Monday, July 28th. Twelve analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $401.19.

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.