Pinion Investment Advisors LLC Lowers Position in Quanta Services, Inc. $PWR

Pinion Investment Advisors LLC decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 1,507 shares of the construction company’s stock after selling 27 shares during the period. Pinion Investment Advisors LLC’s holdings in Quanta Services were worth $570,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. increased its holdings in shares of Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after buying an additional 43 shares during the period. Ameriflex Group Inc. grew its stake in shares of Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services in the first quarter worth about $25,000. WPG Advisers LLC bought a new stake in shares of Quanta Services in the first quarter worth about $31,000. Finally, Webster Bank N. A. grew its stake in shares of Quanta Services by 57.8% in the second quarter. Webster Bank N. A. now owns 131 shares of the construction company’s stock worth $50,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE PWR opened at $429.69 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The firm’s 50 day moving average price is $391.35 and its 200-day moving average price is $353.91. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $443.97. The company has a market cap of $64.03 billion, a PE ratio of 66.52, a P/E/G ratio of 2.63 and a beta of 1.04.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same period last year, the firm earned $1.90 earnings per share. Quanta Services’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. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is 6.19%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PWR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a research report on Wednesday. Stifel Nicolaus boosted their price target on Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday. Northland Securities cut Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price target on the stock. in a research report on Wednesday, July 2nd. UBS Group boosted their price target on Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, TD Cowen boosted their price target on Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $408.45.

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.