Quanta Services, Inc. $PWR Stake Trimmed by Perbak Capital Partners LLP

Key Points

• Perbak Capital Partners LLP reduced its stake in Quanta Services, Inc. by 68.8% during the 1st quarter, owning 1,592 shares after selling 3,517 shares.
• Quanta Services reported earnings of $2.48 per share in its latest quarter, exceeding estimates, with a 21.1% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.10 per share, resulting in a 0.1% yield, with the payout ratio set at 6.19%.

Perbak Capital Partners LLP lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 68.8% 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 1,592 shares of the construction company's stock after selling 3,517 shares during the quarter. Perbak Capital Partners LLP's holdings in Quanta Services were worth $405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. VeriStar Capital Management LP purchased a new position in Quanta Services during the 1st quarter valued at about $2,478,000. EP Wealth Advisors LLC grew its stake in Quanta Services by 23.5% during the 1st quarter. EP Wealth Advisors LLC now owns 9,086 shares of the construction company's stock valued at $2,309,000 after acquiring an additional 1,731 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Quanta Services during the 1st quarter valued at about $260,000. Flputnam Investment Management Co. grew its stake in Quanta Services by 4.0% during the 1st quarter. Flputnam Investment Management Co. now owns 2,779 shares of the construction company's stock valued at $706,000 after acquiring an additional 106 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new position in Quanta Services during the 1st quarter valued at about $1,459,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Stock Down 2.0%

PWR opened at $378.24 on Tuesday. The business has a 50 day moving average price of $387.61 and a 200 day moving average price of $328.76. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $424.94. 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 firm has a market cap of $56.36 billion, a P/E ratio of 58.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $6.55 billion. During the same period in the previous year, the company earned $1.90 EPS. The company's revenue for the quarter was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services's payout ratio is 6.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup lifted their target price on Quanta Services from $432.00 to $492.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Daiwa America lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Sanford C. Bernstein lowered Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a report on Monday, July 28th. Roth Capital reiterated a "buy" rating and set a $450.00 price target (up from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Finally, BMO Capital Markets lowered Quanta Services from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $352.00 to $400.00 in a report on Thursday, July 17th. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Quanta Services has an average rating of "Moderate Buy" and a consensus 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.

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