Quanta Services, Inc. $PWR Shares Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has increased its stake in Quanta Services, owning approximately 0.26% of the company worth $97.2 million after buying an additional 7,366 shares in Q1.
• Several analysts have raised their price targets for Quanta Services, with JPMorgan increasing its target to $392 and UBS to $474, while the stock holds a consensus rating of "Moderate Buy."
• Quanta Services reported a 21.1% increase in quarterly revenue compared to the previous year, achieving earnings of $2.48 per share, beating estimates, and announcing a quarterly dividend of $0.10 per share.

Great Lakes Advisors LLC lifted its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 379,543 shares of the construction company's stock after acquiring an additional 7,366 shares during the quarter. Great Lakes Advisors LLC owned 0.26% of Quanta Services worth $97,228,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PWR. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services in the 1st quarter worth about $25,000. WPG Advisers LLC bought a new stake in Quanta Services during the 1st quarter valued at about $31,000. AlphaQuest LLC bought a new stake in Quanta Services during the 1st quarter valued at about $35,000. Zions Bancorporation National Association UT bought a new stake in Quanta Services during the 1st quarter valued at about $40,000. Finally, OLD Second National Bank of Aurora bought a new stake in Quanta Services during the 1st quarter valued at about $42,000. Institutional investors own 90.49% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PWR. Stifel Nicolaus lifted their price objective on shares of Quanta Services from $411.00 to $432.00 and gave the company a "buy" rating in a report on Monday, August 4th. Mizuho started coverage on shares of Quanta Services in a report on Thursday, September 4th. They set a "neutral" rating and a $360.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Quanta Services from $345.00 to $392.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Roth Capital reissued a "buy" rating and set a $450.00 target price (up previously from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. Finally, Piper Sandler reissued an "overweight" rating and set a $370.00 target price (up previously from $360.00) on shares of Quanta Services in a research report on Tuesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and an average target price of $397.18.

Quanta Services Stock Down 1.8%

Shares of Quanta Services stock traded down $7.14 on Friday, reaching $382.50. The stock had a trading volume of 833,428 shares, compared to its average volume of 837,370. The company has a 50 day moving average price of $387.66 and a 200 day moving average price of $334.36. The company has a quick ratio of 1.32, a current ratio of 1.37 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 has a market capitalization of $57.00 billion, a P/E ratio of 59.21, a P/E/G ratio of 2.31 and a beta of 1.01.

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, topping analysts' consensus estimates of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the previous year, the firm earned $1.90 EPS. The company's quarterly revenue was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, equities research 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 $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's 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.