Stack Financial Management Inc Has $50.73 Million Position in Quanta Services, Inc. $PWR

Key Points

• Stack Financial Management Inc reduced its position in Quanta Services, Inc. by 1.6%, holding approximately $50.73 million worth of shares during the second quarter.
• Quanta Services reported earnings of $2.48 per share, surpassing the consensus estimate of $2.44, with a 21.1% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.10 per share, representing a 0.1% dividend yield, with a payout ratio of 6.19%.

Stack Financial Management Inc lowered its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 134,183 shares of the construction company's stock after selling 2,159 shares during the period. Quanta Services accounts for about 4.5% of Stack Financial Management Inc's holdings, making the stock its 4th biggest position. Stack Financial Management Inc owned approximately 0.09% of Quanta Services worth $50,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SCP Investment LP acquired a new stake in Quanta Services in the 1st quarter valued at $966,000. Brighton Jones LLC bought a new position in shares of Quanta Services in the fourth quarter valued at $298,000. Swedbank AB grew its holdings in shares of Quanta Services by 50.5% during the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company's stock valued at $304,269,000 after buying an additional 401,418 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Quanta Services by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock worth $17,480,000 after acquiring an additional 2,479 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Quanta Services by 60.0% in the 1st 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. Institutional investors own 90.49% of the company's stock.

Quanta Services Trading Down 3.0%

Shares of Quanta Services stock opened at $417.15 on Monday. The stock has a market capitalization of $62.16 billion, a P/E ratio of 64.57, a P/E/G ratio of 2.47 and a beta of 1.04. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $443.97. 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 stock's 50-day simple moving average is $391.79 and its 200 day simple moving average is $356.25.

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. The firm had revenue of $6.77 billion during 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 company's revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the company earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio is currently 6.19%.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of recent research reports. BMO Capital Markets lowered Quanta Services from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $352.00 to $400.00 in a report on Thursday, July 17th. Mizuho started coverage on Quanta Services in a research report on Thursday, September 4th. They issued a "neutral" rating and a $360.00 price target for the company. Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a report on Thursday, July 10th. Truist Financial upped their target price on shares of Quanta Services from $472.00 to $521.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of Quanta Services from a "hold" rating to a "buy" rating and raised their price target for the company from $398.00 to $469.00 in a research report on Wednesday, September 24th. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and an average price target of $408.45.

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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