UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $290.07 Million Position in Quanta Services, Inc. $PWR

Key Points

• UBS Asset Management Americas LLC reduced its stake in Quanta Services, owning 1,141,212 shares valued at approximately $290 million after selling a small portion in the first quarter.
• Quanta Services reported an EPS of $2.48 for the last quarter, exceeding expectations and showing a revenue growth of 21.1% year-over-year, with a current fiscal year EPS estimate of 9.34.
• The company declared a quarterly dividend of $0.10, set to be paid on October 10th, indicating a payout ratio of 6.19% and an annual yield of 0.1%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 0.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,141,212 shares of the construction company's stock after selling 1,821 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.77% of Quanta Services worth $290,073,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Quanta Services during the 1st quarter worth $25,000. WPG Advisers LLC acquired a new stake in Quanta Services during the 1st quarter worth $31,000. AlphaQuest LLC acquired a new stake in Quanta Services during the 1st quarter worth $35,000. Zions Bancorporation National Association UT acquired a new stake in Quanta Services during the 1st quarter worth $40,000. Finally, OLD Second National Bank of Aurora acquired a new stake in Quanta Services during the 1st quarter worth $42,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Trading Up 4.4%

PWR opened at $389.94 on Thursday. The stock has a market capitalization of $58.10 billion, a P/E ratio of 60.36, a P/E/G ratio of 2.22 and a beta of 1.01. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $424.94. The firm's fifty day simple moving average is $387.67 and its 200 day simple moving average is $332.65. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.44 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm's revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 EPS. 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 fiscal year.

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on PWR shares. Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a report on Thursday, July 10th. DA Davidson lifted their price target on shares of Quanta Services from $305.00 to $395.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. UBS Group lifted their price target on shares of Quanta Services from $413.00 to $474.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Northland Capmk cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 2nd. Finally, Citigroup lifted their price target on shares of Quanta Services from $432.00 to $492.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, Quanta Services currently 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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