Quanta Services, Inc. $PWR Shares Bought by Mirova

Key Points

• Mirova has increased its holdings in Quanta Services by 14.4%, acquiring an additional 1,582 shares, bringing the total to 12,599 shares valued at $3,202,000.
• Quanta Services recently reported $2.48 earnings per share for the most recent quarter, exceeding analysts' expectations and marking a 21.1% increase in revenue year-over-year.
• Analysts have mixed ratings for Quanta Services, with thirteen ratings at Buy and twelve at Hold, and a consensus target price of $392.45.

Mirova lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 14.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,599 shares of the construction company's stock after buying an additional 1,582 shares during the period. Mirova's holdings in Quanta Services were worth $3,202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PWR. Banque Transatlantique SA acquired a new stake in shares of Quanta Services during the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in Quanta Services in the first quarter worth $25,000. Quarry LP acquired a new stake in Quanta Services in the fourth quarter worth $26,000. AlphaQuest LLC bought a new stake in Quanta Services in the first quarter valued at $35,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Quanta Services during the first quarter valued at $40,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on PWR shares. Daiwa America downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. TD Cowen increased their price objective on Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Stifel Nicolaus lifted their target price on Quanta Services from $411.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 4th. B. Riley increased their price target on Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Sanford C. Bernstein cut shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price objective on the stock. in a research note on Monday, July 28th. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $392.45.

Quanta Services Stock Up 0.4%

PWR opened at $379.58 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The company has a market capitalization of $56.56 billion, a PE ratio of 58.76, a P/E/G ratio of 2.26 and a beta of 1.10. The stock's fifty day moving average is $385.24 and its 200-day moving average is $325.26. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $424.94.

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, topping analysts' consensus estimates of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the previous year, the company earned $1.90 earnings per share. Quanta Services's 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. On average, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.