Focus Partners Wealth Sells 1,035 Shares of Quanta Services, Inc. $PWR

Focus Partners Wealth trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,419 shares of the construction company’s stock after selling 1,035 shares during the period. Focus Partners Wealth’s holdings in Quanta Services were worth $6,461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PWR. Pinnacle Wealth Planning Services Inc. boosted its holdings in 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 last quarter. Frank Rimerman Advisors LLC boosted its stake 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 purchasing an additional 34 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its position in shares of Quanta Services by 3.4% during 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. Commerzbank Aktiengesellschaft FI raised its stake in Quanta Services by 2.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company’s stock worth $365,000 after buying an additional 37 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Quanta Services by 15.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 282 shares of the construction company’s stock valued at $72,000 after buying an additional 38 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Down 1.8%

PWR stock opened at $382.50 on Friday. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94. The stock has a market cap of $57.00 billion, a P/E ratio of 59.21, a P/E/G ratio of 2.31 and a beta of 1.01. The stock’s fifty day simple moving average is $387.66 and its two-hundred day simple moving average is $334.82. 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) last released its 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. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the business posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Analysts expect 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 will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is 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 presently 6.19%.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of research analyst reports. Roth Capital reiterated a “buy” rating and issued a $450.00 target price (up from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Evercore ISI boosted their target price on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Citigroup increased their target price on shares of Quanta Services from $432.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $370.00 price target (up from $360.00) on shares of Quanta Services in a research note on Tuesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $397.18.

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.