Neville Rodie & Shaw Inc. Has $52.94 Million Stock Holdings in Quanta Services, Inc. $PWR

Key Points

• Neville Rodie & Shaw Inc. has reduced its stake in Quanta Services by 7.8%, now holding 140,011 shares worth approximately $52.94 million, making it the firm's 3rd largest holding.
• Quanta Services reported a quarterly EPS of $2.48, exceeding expectations, and its revenue increased 21.1% year-over-year, reaching $6.77 billion.
• A quarterly dividend of $0.10 will be paid to shareholders on October 10th, representing a 0.1% yield and a payout ratio of 6.19%.

Neville Rodie & Shaw Inc. lowered its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,011 shares of the construction company's stock after selling 11,865 shares during the period. Quanta Services makes up about 3.9% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 3rd largest holding. Neville Rodie & Shaw Inc. owned approximately 0.09% of Quanta Services worth $52,935,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in Quanta Services in the 1st quarter valued at about $25,000. WPG Advisers LLC bought a new stake in Quanta Services in the 1st quarter valued at about $31,000. AlphaQuest LLC acquired a new position in shares of Quanta Services in the 1st quarter valued at approximately $35,000. Zions Bancorporation National Association UT acquired a new position in shares of Quanta Services in the 1st quarter valued at approximately $40,000. Finally, OLD Second National Bank of Aurora acquired a new position in shares of Quanta Services in the 1st quarter valued at approximately $42,000. Institutional investors own 90.49% of the company's stock.

Quanta Services Price Performance

PWR stock opened at $382.50 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $424.94. The company has a 50 day simple moving average of $387.66 and a 200 day simple moving average of $334.36. The stock has a market cap of $57.00 billion, a price-to-earnings ratio of 59.21, a P/E/G ratio of 2.31 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly 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 firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.55 billion. During the same period in the prior year, the company posted $1.90 EPS. The company's revenue was up 21.1% on a year-over-year basis. 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 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be given a $0.10 dividend. 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 is 6.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PWR shares. Daiwa America cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wall Street Zen cut shares of Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Mizuho started coverage on shares of Quanta Services in a research report on Thursday, September 4th. They issued a "neutral" rating and a $360.00 target price for the company. Seaport Res Ptn upgraded shares of Quanta Services to a "hold" rating in a research report on Thursday, July 10th. Finally, BMO Capital Markets cut shares of Quanta Services from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $352.00 to $400.00 in a research report on Thursday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $397.18.

Quanta Services 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.

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