HBW Advisory Services LLC Has $794,000 Stake in Quanta Services, Inc. $PWR

HBW Advisory Services LLC lifted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 51.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,101 shares of the construction company’s stock after acquiring an additional 717 shares during the quarter. HBW Advisory Services LLC’s holdings in Quanta Services were worth $794,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Northland Capmk downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 2nd. TD Cowen lifted their target price on Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Mizuho assumed coverage on Quanta Services in a research report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price objective for the company. DA Davidson lifted their price objective on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Finally, Truist Financial lifted their price objective on Quanta Services from $375.00 to $472.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $397.18.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $382.50 on Friday. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $424.94. The firm has a market capitalization of $57.00 billion, a price-to-earnings ratio of 59.21, a PEG ratio of 2.31 and a beta of 1.01. The business has a 50-day simple moving average of $387.66 and a 200 day simple moving average of $334.82. 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 (NYSE:PWR) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same period in the previous year, the company posted $1.90 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be given 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 is Wednesday, October 1st. Quanta Services’s payout ratio is presently 6.19%.

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.