Simon Quick Advisors LLC Grows Holdings in Quanta Services, Inc. $PWR

Simon Quick Advisors LLC increased its position in Quanta Services, Inc. (NYSE:PWR) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,007 shares of the construction company’s stock after acquiring an additional 153 shares during the quarter. Simon Quick Advisors LLC’s holdings in Quanta Services were worth $759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PWR. Cullen Frost Bankers Inc. purchased a new stake in Quanta Services in the 1st quarter worth approximately $25,000. Copia Wealth Management increased its holdings in Quanta Services by 509.1% in the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after acquiring an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after buying an additional 43 shares in the last quarter. Solstein Capital LLC grew its holdings in Quanta Services by 185.7% during the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares in the last quarter. Finally, WPG Advisers LLC purchased a new stake in Quanta Services during the 1st quarter valued at approximately $31,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PWR shares. Argus set a $540.00 price objective on shares of Quanta Services in a report on Friday. Truist Financial increased their price objective on shares of Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Roth Capital set a $500.00 price objective on shares of Quanta Services and gave the company a “buy” rating in a report on Friday. BMO Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $352.00 to $400.00 in a report on Thursday, July 17th. Finally, TD Cowen increased their price objective 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. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.55.

Quanta Services Trading Down 0.8%

PWR opened at $450.16 on Friday. The stock has a 50-day moving average of $408.11 and a 200 day moving average of $374.35. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $469.43. The firm has a market cap of $67.08 billion, a P/E ratio of 69.68, a P/E/G ratio of 2.66 and a beta of 1.04.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently disclosed 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 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%.

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.