Night Squared LP Makes New $2.92 Million Investment in Quanta Services, Inc. $PWR

Key Points

• Night Squared LP has invested approximately $2.92 million in Quanta Services, Inc., acquiring 11,498 shares during the first quarter.
• Quanta Services reported a quarterly EPS of $2.48, surpassing expectations, along with revenue of $6.77 billion during the same period, reflecting a 21.1% year-over-year increase.
• The company announced a quarterly dividend of $0.10 per share, with a 0.1% yield and a dividend payout ratio of 6.19%.

Night Squared LP bought a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,498 shares of the construction company's stock, valued at approximately $2,923,000. Quanta Services makes up approximately 1.7% of Night Squared LP's holdings, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in Quanta Services in the 4th quarter valued at about $25,000. Quarry LP bought a new stake in Quanta Services in the 4th quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new stake in Quanta Services during the 1st quarter worth approximately $25,000. WPG Advisers LLC bought a new stake in Quanta Services during the 1st quarter worth approximately $31,000. Finally, AlphaQuest LLC bought a new stake in Quanta Services during the 1st quarter worth approximately $35,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

Quanta Services stock traded down $3.35 during trading on Tuesday, hitting $374.61. The stock had a trading volume of 685,934 shares, compared to its average volume of 874,750. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $424.94. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The stock's 50 day moving average is $387.65 and its two-hundred day moving average is $329.08. The stock has a market cap of $55.82 billion, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 2.24 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 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 quarter in the prior year, the business earned $1.90 earnings per share. Quanta Services's revenue for the quarter was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

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

Analyst Ratings Changes

PWR has been the subject of a number of recent research reports. Truist Financial boosted their price objective on Quanta Services from $375.00 to $472.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Wall Street Zen lowered Quanta Services from a "buy" rating to a "hold" rating in a report on Saturday. Piper Sandler reissued an "overweight" rating and set a $370.00 price objective (up from $360.00) on shares of Quanta Services in a report on Tuesday, May 27th. BMO Capital Markets lowered Quanta Services from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $352.00 to $400.00 in a report on Thursday, July 17th. Finally, Daiwa America downgraded Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $392.45.

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.