7,596 Shares in Quanta Services, Inc. $PWR Bought by Donoghue Forlines LLC

Donoghue Forlines LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,596 shares of the construction company’s stock, valued at approximately $2,872,000. Quanta Services accounts for about 0.8% of Donoghue Forlines LLC’s holdings, making the stock its 25th biggest position.

Other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Quanta Services during the second quarter valued at approximately $650,960,000. Nuveen LLC bought a new position in Quanta Services in the 1st quarter worth about $404,288,000. Amundi grew its position in Quanta Services by 188.3% during the 1st quarter. Amundi now owns 1,206,577 shares of the construction company’s stock valued at $304,139,000 after purchasing an additional 788,079 shares during the last quarter. Jennison Associates LLC increased its stake in Quanta Services by 433.3% during the 1st quarter. Jennison Associates LLC now owns 620,973 shares of the construction company’s stock valued at $157,839,000 after purchasing an additional 504,540 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Quanta Services by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after buying an additional 407,878 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

NYSE PWR opened at $426.88 on Friday. The company has a 50-day moving average price of $420.01 and a 200-day moving average price of $385.23. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $469.43. 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 market capitalization of $63.65 billion, a P/E ratio of 66.08, a PEG ratio of 2.66 and a beta of 1.10.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the business posted $2.72 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on PWR shares. Stifel Nicolaus set a $495.00 target price on Quanta Services in a research note on Monday, November 3rd. Truist Financial increased 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, October 8th. Mizuho set a $415.00 target price on shares of Quanta Services in a research note on Tuesday, October 28th. Roth Capital set a $500.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Sanford C. Bernstein cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price objective for the company. in a report on Monday, July 28th. Twelve investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, Quanta Services has a consensus rating of “Hold” and an average price target of $438.64.

Insider Buying and Selling

In related news, Director Bernard Fried sold 4,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total value of $1,808,760.00. Following the completion of the sale, the director directly owned 12,493 shares of the company’s stock, valued at approximately $5,649,209.67. This represents a 24.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of Quanta Services stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the transaction, the insider directly owned 19,960 shares in the company, valued at $8,903,756.80. This represents a 27.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,002 shares of company stock valued at $14,295,857 over the last three months. 1.10% of the stock is currently owned by company insiders.

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.