Triglav Skladi D.O.O. Trims Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Key Points

• Triglav Skladi D.O.O. has reduced its stake in Quanta Services by 14.6%, leaving it with 5,865 shares valued at approximately $1.49 million.
• Quanta Services reported earnings per share of $2.48 for the latest quarter, surpassing expectations and showing a 21.1% revenue increase year-over-year.
• The company's quarterly dividend was set at $0.10, translating to an annual yield of 0.1% and a payout ratio of 6.19%.

Triglav Skladi D.O.O. cut its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 14.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,865 shares of the construction company's stock after selling 1,000 shares during the quarter. Triglav Skladi D.O.O.'s holdings in Quanta Services were worth $1,491,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SCP Investment LP bought a new position in Quanta Services in the 1st quarter worth $966,000. Brighton Jones LLC purchased a new stake in Quanta Services during the 4th quarter valued at about $298,000. Wealth Enhancement Advisory Services LLC grew its position in Quanta Services by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock valued at $17,480,000 after purchasing an additional 2,479 shares during the last quarter. Farther Finance Advisors LLC grew its position in Quanta Services by 60.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company's stock valued at $404,000 after purchasing an additional 588 shares during the last quarter. Finally, Objectivity Squared LLC purchased a new stake in Quanta Services during the 1st quarter valued at about $213,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Performance

NYSE PWR traded up $2.45 on Friday, reaching $379.96. The stock had a trading volume of 1,436,415 shares, compared to its average volume of 1,312,980. The stock has a market cap of $56.62 billion, a P/E ratio of 58.82, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $424.94. The business's 50-day moving average price is $382.86 and its 200 day moving average price is $322.64. 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 (NYSE:PWR - Get Free Report) last released its earnings results 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 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%. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 earnings per share. As a group, equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Tuesday, July 1st. Quanta Services's payout ratio is presently 6.19%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PWR shares. Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a report on Thursday, July 10th. Daiwa America downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. TD Cowen raised their price target on shares of Quanta Services from $355.00 to $425.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Argus set a $375.00 price objective on shares of Quanta Services in a report on Monday, May 5th. Finally, Northland Securities downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective on the stock. in a report on Wednesday, July 2nd. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $392.45.

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.