MassMutual Private Wealth & Trust FSB Grows Position in Quanta Services, Inc. $PWR

MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 690 shares of the construction company’s stock after acquiring an additional 74 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Quanta Services were worth $261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services during the 1st quarter worth about $25,000. WPG Advisers LLC acquired a new stake in shares of Quanta Services during the 1st quarter worth about $31,000. AlphaQuest LLC acquired a new stake in shares of Quanta Services during the 1st quarter worth about $35,000. Zions Bancorporation National Association UT acquired a new stake in shares of Quanta Services during the 1st quarter worth about $40,000. Finally, OLD Second National Bank of Aurora purchased a new position in Quanta Services during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PWR shares. JPMorgan Chase & Co. raised their price target on Quanta Services from $345.00 to $392.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. DA Davidson raised their price target on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Roth Capital restated a “buy” rating and set a $450.00 price target (up previously from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. Northland Capmk downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen downgraded Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Twelve research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.19.

Quanta Services Stock Performance

Quanta Services stock opened at $391.23 on Friday. The firm has a market capitalization of $58.30 billion, a P/E ratio of 60.56, a PEG ratio of 2.23 and a beta of 1.01. The stock has a fifty day moving average price of $387.78 and a 200 day moving average price of $337.76. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $424.94. 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 EPS for the quarter, beating the consensus estimate of $2.44 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

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