Quanta Services, Inc. $PWR Stock Position Reduced by Silverleafe Capital Partners LLC

Key Points

• Silverleafe Capital Partners LLC reduced its position in Quanta Services by 45.2%, selling 1,394 shares in the second quarter.
• Despite the reduction, institutional investors continue to own 90.49% of Quanta Services' stock, with several hedge funds increasing their positions significantly.
• Quanta Services recently reported a 21.1% year-over-year revenue increase, with earnings per share surpassing analysts' expectations, and set guidance for FY 2025 at 10.280-10.880 EPS.

Silverleafe Capital Partners LLC lessened its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 45.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,691 shares of the construction company's stock after selling 1,394 shares during the period. Silverleafe Capital Partners LLC's holdings in Quanta Services were worth $639,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Quanta Services by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company's stock worth $4,427,129,000 after purchasing an additional 407,878 shares during the last quarter. Nuveen LLC bought a new stake in shares of Quanta Services in the 1st quarter worth approximately $404,288,000. Northern Trust Corp lifted its holdings in shares of Quanta Services by 3.8% in the 1st quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company's stock worth $392,839,000 after purchasing an additional 56,081 shares during the last quarter. Amundi lifted its holdings in shares of Quanta Services by 188.3% in the 1st quarter. Amundi now owns 1,206,577 shares of the construction company's stock worth $304,139,000 after purchasing an additional 788,079 shares during the last quarter. Finally, Swedbank AB lifted its holdings in shares of Quanta Services by 50.5% in the 1st quarter. Swedbank AB now owns 1,197,062 shares of the construction company's stock worth $304,269,000 after purchasing an additional 401,418 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on PWR shares. UBS Group raised their target price on Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a research report on Friday, July 25th. DA Davidson raised their target price on Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Wall Street Zen cut Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Mizuho started coverage on Quanta Services in a research report on Thursday, September 4th. They issued a "neutral" rating and a $360.00 target price on the stock. Finally, Truist Financial raised their target price on Quanta Services from $375.00 to $472.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $397.18.

Quanta Services Stock Down 1.8%

Shares of PWR stock opened at $382.50 on Monday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $424.94. The stock has a market cap of $56.99 billion, a PE ratio of 59.21, a price-to-earnings-growth ratio of 2.27 and a beta of 1.01. The business's fifty day moving average is $387.66 and its 200-day moving average is $335.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37.

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 for the quarter, topping the consensus estimate of $2.44 by $0.04. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company's revenue was up 21.1% compared to the same quarter last year. During the same period last year, the company posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is currently 6.19%.

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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