Northwest & Ethical Investments L.P. Has $967,000 Holdings in Quanta Services, Inc. $PWR

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Quanta Services by 292.7% in Q1, owning 3,809 shares worth $967,000.
• Quanta Services reported a quarterly EPS of $2.48, surpassing analysts' expectations and achieving a 21.1% annual revenue increase.
• Analysts have a consensus rating of "Moderate Buy" for Quanta Services, with target prices ranging from $370.00 to $474.00.

Northwest & Ethical Investments L.P. lifted its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 292.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,809 shares of the construction company's stock after purchasing an additional 2,839 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Quanta Services were worth $967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PWR. Banque Transatlantique SA acquired a new position in Quanta Services in the fourth quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Quanta Services in the 1st quarter worth approximately $25,000. Quarry LP bought a new position in Quanta Services in the 4th quarter valued at $26,000. Zions Bancorporation National Association UT bought a new stake in shares of Quanta Services during the first quarter worth $40,000. Finally, OLD Second National Bank of Aurora acquired a new stake in shares of Quanta Services in the first quarter valued at $42,000. Institutional investors own 90.49% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PWR. Seaport Res Ptn upgraded shares of Quanta Services to a "hold" rating in a research report on Thursday, July 10th. Citigroup upped their target price on shares of Quanta Services from $432.00 to $492.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. DA Davidson raised their price target on shares of Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Sanford C. Bernstein cut Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 target price for the company. in a research note on Monday, July 28th. Finally, Argus set a $375.00 price target on Quanta Services in a report on Monday, May 5th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $392.45.

Quanta Services Trading Up 0.4%

Shares of PWR stock traded up $1.37 on Friday, reaching $379.58. The company had a trading volume of 1,037,698 shares, compared to its average volume of 1,257,407. The stock has a market cap of $56.56 billion, a PE ratio of 58.76, a PEG ratio of 2.26 and a beta of 1.10. The company has a 50-day moving average of $385.24 and a 200-day moving average of $325.26. 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.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

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.