Robeco Institutional Asset Management B.V. Reduces Position in Quanta Services, Inc. $PWR

Robeco Institutional Asset Management B.V. reduced its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,273 shares of the construction company's stock after selling 6,427 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Quanta Services worth $37,911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Quanta Services during the 2nd quarter worth about $650,960,000. Nuveen LLC acquired a new stake in Quanta Services during the first quarter worth approximately $404,288,000. Amundi grew its stake in 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 acquiring an additional 788,079 shares during the period. Jennison Associates LLC raised its holdings in Quanta Services by 433.3% in the 1st quarter. Jennison Associates LLC now owns 620,973 shares of the construction company's stock valued at $157,839,000 after acquiring an additional 504,540 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Quanta Services by 2.4% during 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 period. Hedge funds and other institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Truist Financial lifted their price objective on Quanta Services from $375.00 to $472.00 and gave the company a "buy" rating in a research report on Monday, August 4th. UBS Group lifted their price target on Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a report on Friday, July 25th. Stifel Nicolaus raised their target price on shares of Quanta Services from $411.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Northland Capmk downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Finally, DA Davidson increased their price target on shares of Quanta Services from $305.00 to $395.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $404.27.

Quanta Services Trading Up 0.2%

Shares of PWR stock opened at $421.88 on Friday. 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 fifty-two week low of $227.08 and a fifty-two week high of $431.24. The firm's 50 day moving average price is $389.67 and its two-hundred day moving average price is $349.54. The stock has a market cap of $62.86 billion, a price-to-earnings ratio of 65.31, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04.

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. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed 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 dividend yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services's payout ratio 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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