Quanta Services, Inc. $PWR Shares Acquired by NorthRock Partners LLC

NorthRock Partners LLC grew its stake in Quanta Services, Inc. (NYSE:PWR) by 19.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,341 shares of the construction company’s stock after acquiring an additional 387 shares during the quarter. NorthRock Partners LLC’s holdings in Quanta Services were worth $885,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Quanta Services during the 1st quarter worth $25,000. SOA Wealth Advisors LLC. grew its holdings in shares of Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares during the period. WPG Advisers LLC purchased a new position in shares of Quanta Services during the 1st quarter worth $31,000. Ameriflex Group Inc. grew its holdings in shares of Quanta Services by 93.0% during the 2nd 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 period. Finally, AlphaQuest LLC purchased a new position in shares of Quanta Services during the 1st quarter worth $35,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Northland Securities cut Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price target for the company. in a report on Wednesday, July 2nd. Citigroup raised their target price on Quanta Services from $432.00 to $492.00 and gave the company a “buy” rating in a report on Monday, July 28th. Northland Capmk cut Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 2nd. Truist Financial raised their target price on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Mizuho started coverage on Quanta Services in a report on Thursday, September 4th. They set a “neutral” rating and a $360.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $408.45.

Quanta Services Stock Performance

Shares of PWR opened at $433.93 on Wednesday. The stock has a 50-day simple moving average of $393.46 and a 200-day simple moving average of $358.02. 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 stock has a market capitalization of $64.66 billion, a PE ratio of 67.17, a PEG ratio of 2.55 and a beta of 1.04. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $443.97.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is presently 6.19%.

Quanta Services 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.