Vanguard Personalized Indexing Management LLC Grows Stock Position in Quanta Services, Inc. $PWR

Vanguard Personalized Indexing Management LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 29.1% in the second quarter, Holdings Channel.com reports. The fund owned 21,603 shares of the construction company’s stock after purchasing an additional 4,863 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Quanta Services were worth $8,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Old Port Advisors boosted its stake in Quanta Services by 0.7% during the second quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock valued at $1,491,000 after buying an additional 26 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in Quanta Services by 3.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company’s stock valued at $242,000 after purchasing an additional 32 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Quanta Services by 1.1% in the first quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company’s stock worth $792,000 after buying an additional 34 shares during the period. Eastern Bank increased its holdings in shares of Quanta Services by 23.5% in the second quarter. Eastern Bank now owns 184 shares of the construction company’s stock worth $70,000 after buying an additional 35 shares during the period. Finally, Legacy Capital Wealth Partners LLC increased its holdings in shares of Quanta Services by 3.4% in the first quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company’s stock worth $277,000 after buying an additional 36 shares during the period. 90.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PWR has been the topic of a number of research analyst reports. BMO Capital Markets downgraded Quanta Services from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $352.00 to $400.00 in a report on Thursday, July 17th. Truist Financial lifted their price objective on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus boosted their price target on Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI upped their price objective on Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Mizuho assumed coverage on Quanta Services in a research report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price objective on the stock. Fourteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $408.45.

Quanta Services Trading Down 3.0%

NYSE:PWR opened at $417.15 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The firm has a market capitalization of $62.16 billion, a price-to-earnings ratio of 64.57, a price-to-earnings-growth ratio of 2.47 and a beta of 1.04. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $443.97. The business has a fifty day moving average price of $391.79 and a 200-day moving average price of $356.25.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the prior year, the business posted $1.90 EPS. Quanta Services’s revenue for the quarter was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s dividend payout ratio is presently 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.