World Investment Advisors Buys 5,047 Shares of Quanta Services, Inc. $PWR

World Investment Advisors grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 612.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,871 shares of the construction company’s stock after buying an additional 5,047 shares during the quarter. World Investment Advisors’ holdings in Quanta Services were worth $2,220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PWR. Biltmore Family Office LLC bought a new stake in shares of Quanta Services in the second quarter worth about $264,000. New York Life Investment Management LLC grew its stake in shares of Quanta Services by 1.6% in the second quarter. New York Life Investment Management LLC now owns 22,197 shares of the construction company’s stock worth $8,392,000 after purchasing an additional 359 shares during the last quarter. Howard Capital Management Inc. boosted its position in Quanta Services by 27.1% during the 2nd quarter. Howard Capital Management Inc. now owns 13,850 shares of the construction company’s stock valued at $5,236,000 after acquiring an additional 2,951 shares in the last quarter. Purkiss Capital Advisors LLC bought a new stake in Quanta Services during the 2nd quarter valued at approximately $214,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in Quanta Services by 60.6% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 5,438 shares of the construction company’s stock valued at $2,056,000 after acquiring an additional 2,051 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PWR has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a research report on Wednesday, October 8th. DA Davidson lifted their price objective on Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Jefferies Financial Group raised Quanta Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $398.00 to $469.00 in a research report on Wednesday, September 24th. Roth Capital reaffirmed a “buy” rating and set a $450.00 target price (up previously from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. Finally, Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and an average target price of $414.09.

Quanta Services Price Performance

Shares of PWR opened at $453.20 on Friday. The company has a market capitalization of $67.53 billion, a P/E ratio of 70.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $406.70 and a 200 day moving average of $373.13. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $460.86.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.09. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was 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 6.19%.

About Quanta Services

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.