Quanta Services, Inc. $PWR Position Trimmed by GKV Capital Management Co. Inc.

Key Points

• GKV Capital Management Co. Inc. has reduced its holdings in Quanta Services, Inc. by 7.5%, now owning 15,295 shares valued at approximately $3.89 million.
• Several institutional investors have increased their stakes in Quanta Services during the 1st quarter, highlighting a strong interest in the company's stock.
• Quanta Services reported $2.48 EPS for the last quarter, exceeding expectations and demonstrating a year-over-year revenue increase of 21.1%.

GKV Capital Management Co. Inc. lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,295 shares of the construction company's stock after selling 1,246 shares during the quarter. Quanta Services makes up 1.3% of GKV Capital Management Co. Inc.'s investment portfolio, making the stock its 24th largest holding. GKV Capital Management Co. Inc.'s holdings in Quanta Services were worth $3,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Frank Rimerman Advisors LLC lifted its holdings in Quanta Services by 1.1% in the 1st quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company's stock worth $792,000 after purchasing an additional 34 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its holdings in Quanta Services by 3.4% in the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company's stock worth $277,000 after purchasing an additional 36 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Quanta Services by 2.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company's stock worth $365,000 after purchasing an additional 37 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in Quanta Services by 15.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 282 shares of the construction company's stock worth $72,000 after purchasing an additional 38 shares during the last quarter. Finally, Kerntke Otto McGlone Wealth Management Group lifted its holdings in Quanta Services by 3.0% in the 1st quarter. Kerntke Otto McGlone Wealth Management Group now owns 1,356 shares of the construction company's stock worth $345,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PWR shares. Citigroup upped their price target on Quanta Services from $432.00 to $492.00 and gave the stock a "buy" rating in a report on Monday, July 28th. B. Riley upped their price target on Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Argus set a $375.00 price target on Quanta Services in a report on Monday, May 5th. Evercore ISI upped their price target on Quanta Services from $360.00 to $410.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Truist Financial upped their price target on Quanta Services from $375.00 to $472.00 and gave the stock a "buy" rating in a report on Monday, August 4th. 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $392.45.

Quanta Services Stock Performance

PWR opened at $386.29 on Friday. The stock has a market cap of $57.56 billion, a PE ratio of 59.80, a P/E/G ratio of 2.27 and a beta of 1.10. 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 1 year low of $227.08 and a 1 year high of $424.94. The stock's 50 day simple moving average is $387.02 and its 200-day simple moving average is $327.13.

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 (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 analysts' expectations of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services's quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

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

About Quanta Services

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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