Northwestern Mutual Wealth Management Co. Has $3.07 Million Position in Quanta Services, Inc. $PWR

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Quanta Services by 33.0%, acquiring an additional 2,997 shares to reach a total of 12,089 shares valued at approximately $3.07 million.
• Institutional investors currently hold 90.49% of Quanta Services' stock, reflecting strong interest in the company among major financial players.
• Quanta Services recently reported quarterly earnings with $2.48 EPS, exceeding estimates and indicating a 21.1% increase in revenue compared to the previous year.

Northwestern Mutual Wealth Management Co. raised its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 33.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,089 shares of the construction company's stock after buying an additional 2,997 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Quanta Services were worth $3,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PWR. Brighton Jones LLC bought a new position in shares of Quanta Services during the fourth quarter worth about $298,000. Quarry LP bought a new position in Quanta Services in the fourth quarter valued at approximately $26,000. Lido Advisors LLC grew its stake in Quanta Services by 12.5% in the fourth quarter. Lido Advisors LLC now owns 5,108 shares of the construction company's stock valued at $1,614,000 after purchasing an additional 566 shares in the last quarter. AQR Capital Management LLC grew its stake in Quanta Services by 14.5% in the fourth quarter. AQR Capital Management LLC now owns 39,911 shares of the construction company's stock valued at $12,614,000 after purchasing an additional 5,042 shares in the last quarter. Finally, Voleon Capital Management LP bought a new position in Quanta Services in the fourth quarter valued at approximately $1,876,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Price Performance

Shares of Quanta Services stock traded down $7.72 during trading on Friday, reaching $378.24. 774,371 shares of the company's stock were exchanged, compared to its average volume of 946,956. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94. The company has a market cap of $56.36 billion, a P/E ratio of 58.55, a PEG ratio of 2.24 and a beta of 1.01. The firm's 50-day moving average price is $387.37 and its 200 day moving average price is $328.11.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services's revenue was up 21.1% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current 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. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.1%. Quanta Services's payout ratio is presently 6.19%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Evercore ISI lifted their target price on Quanta Services from $360.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Roth Capital reiterated a "buy" rating and set a $450.00 target price (up from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. Seaport Res Ptn upgraded Quanta Services to a "hold" rating in a research note on Thursday, July 10th. Wall Street Zen downgraded Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, TD Cowen lifted their target price on Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and a consensus 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.