Quanta Services, Inc. $PWR Shares Sold by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd has reduced its holdings in Quanta Services, Inc. by 49.1%, leaving it with 44,267 shares valued at approximately $11.25 million.
• Quanta Services reported a quarterly EPS of $2.48, exceeding analysts' estimates and demonstrating a 21.1% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.10 per share, with a payout ratio of 6.19%, set to be paid on October 10th.

UniSuper Management Pty Ltd cut its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 49.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,267 shares of the construction company's stock after selling 42,711 shares during the period. UniSuper Management Pty Ltd's holdings in Quanta Services were worth $11,252,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SCP Investment LP acquired a new stake in shares of Quanta Services during the first quarter valued at about $966,000. Brighton Jones LLC acquired a new stake in shares of Quanta Services during the fourth quarter valued at about $298,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Quanta Services by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock valued at $17,480,000 after acquiring an additional 2,479 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Quanta Services by 60.0% during the first quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company's stock valued at $404,000 after acquiring an additional 588 shares in the last quarter. Finally, Objectivity Squared LLC bought a new stake in shares of Quanta Services in the 1st quarter worth about $213,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of PWR stock opened at $372.56 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $387.38 and a two-hundred day moving average of $331.23. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $424.94. The company has a market cap of $55.52 billion, a P/E ratio of 57.67, a PEG ratio of 2.21 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating 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 company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. Quanta Services'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, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The company 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Quanta Services's payout ratio is presently 6.19%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a research report on Thursday, July 10th. DA Davidson lifted their price target on Quanta Services from $305.00 to $395.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Stifel Nicolaus lifted their price target on Quanta Services from $411.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Sanford C. Bernstein downgraded Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a research note on Monday, July 28th. Finally, Daiwa America downgraded Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $397.18.

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.

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