Quanta Services, Inc. $PWR is Avalon Trust Co’s 10th Largest Position

Avalon Trust Co lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,128 shares of the construction company’s stock after selling 3,750 shares during the period. Quanta Services comprises approximately 2.6% of Avalon Trust Co’s holdings, making the stock its 10th largest holding. Avalon Trust Co owned about 0.06% of Quanta Services worth $35,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Quanta Services during the fourth quarter valued at approximately $298,000. Mutual of America Capital Management LLC raised its holdings in Quanta Services by 1.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 21,136 shares of the construction company’s stock worth $5,372,000 after purchasing an additional 389 shares in the last quarter. Signaturefd LLC lifted its position in shares of Quanta Services by 1.4% in the 1st quarter. Signaturefd LLC now owns 3,091 shares of the construction company’s stock worth $786,000 after purchasing an additional 44 shares during the period. Sigma Planning Corp lifted its position in shares of Quanta Services by 52.6% in the 1st quarter. Sigma Planning Corp now owns 1,346 shares of the construction company’s stock worth $342,000 after purchasing an additional 464 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in shares of Quanta Services by 5.6% during the 1st quarter. Apollon Wealth Management LLC now owns 6,059 shares of the construction company’s stock valued at $1,540,000 after purchasing an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR stock opened at $449.67 on Thursday. The company has a market capitalization of $67.05 billion, a price-to-earnings ratio of 69.61, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $469.43. The company’s 50-day moving average is $418.98 and its 200 day moving average is $384.94.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share (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 business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the previous year, the company earned $2.72 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

Analyst Ratings Changes

PWR has been the subject of several research analyst reports. Argus set a $540.00 price objective on shares of Quanta Services in a report on Friday, October 31st. BMO Capital Markets cut Quanta Services from an “outperform” rating to a “market perform” rating and raised their target price for the company from $352.00 to $400.00 in a research note on Thursday, July 17th. JPMorgan Chase & Co. lifted their price target on Quanta Services from $436.00 to $457.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Evercore ISI increased their price objective on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Stifel Nicolaus set a $495.00 price objective on Quanta Services in a research report on Monday, November 3rd. Twelve equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $438.64.

Insiders Place Their Bets

In related news, Director Bernard Fried sold 4,000 shares of the stock in a transaction 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 directly owned 12,493 shares of the company’s stock, valued at $5,649,209.67. This trade represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Worthing Jackman sold 6,349 shares of Quanta Services stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total value of $2,859,907.05. Following the completion of the sale, the director 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 SEC filing for this sale provides additional information. Insiders sold a total of 32,002 shares of company stock worth $14,295,857 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.