Creekmur Asset Management LLC Buys 980 Shares of Quanta Services, Inc. $PWR

Creekmur Asset Management LLC increased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,030 shares of the construction company’s stock after acquiring an additional 980 shares during the quarter. Quanta Services comprises about 0.5% of Creekmur Asset Management LLC’s portfolio, making the stock its 27th largest holding. Creekmur Asset Management LLC’s holdings in Quanta Services were worth $3,036,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. Old Port Advisors raised its stake in Quanta Services by 0.7% during the second quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock valued at $1,491,000 after purchasing an additional 26 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in Quanta Services by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock valued at $851,000 after purchasing an additional 26 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in Quanta Services by 3.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company’s stock valued at $242,000 after purchasing an additional 32 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in Quanta Services by 1.1% during the first quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company’s stock valued at $792,000 after purchasing an additional 34 shares in the last quarter. Finally, Eastern Bank boosted its holdings in shares of Quanta Services by 23.5% in the 2nd quarter. Eastern Bank now owns 184 shares of the construction company’s stock worth $70,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 1.0%

PWR stock opened at $453.20 on Friday. The company has a market capitalization of $67.53 billion, a PE ratio of 70.15, a P/E/G ratio of 2.66 and a beta of 1.04. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $460.86. The firm’s 50-day moving average is $406.70 and its 200 day moving average is $373.13. 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 posted its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.24 by $0.09. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

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

Wall Street Analyst Weigh In

PWR has been the subject of a number of recent research reports. Wall Street Zen cut Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Evercore ISI increased their target price on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Daiwa America lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Seaport Res Ptn upgraded shares of Quanta Services to a “hold” rating in a report on Thursday, July 10th. Finally, Mizuho set a $415.00 target price on shares of Quanta Services in a report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $414.09.

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.