Quanta Services, Inc. $PWR Shares Acquired by Saturna Capital Corp

Saturna Capital Corp increased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,061 shares of the construction company’s stock after acquiring an additional 126 shares during the quarter. Saturna Capital Corp’s holdings in Quanta Services were worth $3,048,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Old Port Advisors boosted its position in shares of Quanta Services by 0.7% in the 2nd quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock valued at $1,491,000 after purchasing an additional 26 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in Quanta Services by 1.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock valued at $851,000 after buying an additional 26 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Quanta Services by 3.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company’s stock valued at $242,000 after acquiring an additional 32 shares during the period. PFG Private Wealth Management LLC grew its position in shares of Quanta Services by 4.1% during the second quarter. PFG Private Wealth Management LLC now owns 808 shares of the construction company’s stock worth $305,000 after acquiring an additional 32 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of Quanta Services by 1.1% in the 1st quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company’s stock valued at $792,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Insider Activity at Quanta Services

In other news, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the sale, the director owned 12,493 shares of the company’s stock, valued at $5,649,209.67. The trade was a 24.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Worthing Jackman sold 6,349 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total value of $2,859,907.05. Following the completion of the transaction, the director directly owned 2,730 shares of the company’s stock, valued at $1,229,728.50. The trade was a 69.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,002 shares of company stock valued at $14,295,857 in the last 90 days. Insiders own 1.10% of the company’s stock.

Quanta Services Trading Up 2.9%

Shares of PWR stock opened at $439.09 on Wednesday. The business’s fifty day moving average price is $423.47 and its 200 day moving average price is $389.06. The firm has a market capitalization of $65.48 billion, a PE ratio of 67.97, a P/E/G ratio of 2.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $469.43.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.24 by $0.09. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the firm earned $2.72 EPS. The business’s revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 5.93%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Robert W. Baird set a $490.00 price target on shares of Quanta Services in a research note on Friday, October 31st. Evercore ISI raised their price target on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Mizuho set a $415.00 price objective on Quanta Services in a research report on Tuesday, October 28th. UBS Group boosted their target price on Quanta Services from $413.00 to $474.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Jefferies Financial Group lifted their price objective on shares of Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Twelve equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $438.64.

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.