Prudent Man Advisors LLC Boosts Stock Holdings in Quanta Services, Inc. $PWR

Prudent Man Advisors LLC grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 33.3% during the second quarter, HoldingsChannel.com reports. The fund owned 3,632 shares of the construction company’s stock after purchasing an additional 908 shares during the quarter. Prudent Man Advisors LLC’s holdings in Quanta Services were worth $1,373,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of Quanta Services in the 1st quarter valued at $25,000. Copia Wealth Management raised its stake in shares of Quanta Services by 509.1% in the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after acquiring an additional 56 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after acquiring an additional 43 shares during the period. WPG Advisers LLC purchased a new position in shares of Quanta Services in the 1st quarter valued at $31,000. Finally, Ameriflex Group Inc. raised its stake in shares of Quanta Services by 93.0% in the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR stock opened at $441.09 on Friday. The firm has a market cap of $65.73 billion, a P/E ratio of 68.28, a P/E/G ratio of 2.61 and a beta of 1.04. 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, Inc. has a 1-year low of $227.08 and a 1-year high of $447.17. The firm has a fifty day moving average of $401.36 and a two-hundred day moving average of $368.20.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.04. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the business earned $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is currently 6.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PWR. Stifel Nicolaus raised their target price on shares of Quanta Services from $432.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. TD Cowen raised their price target on shares of Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a report on Saturday. Evercore ISI raised their price target on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Daiwa America lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $411.59.

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.