RFG Bristol Wealth Advisors LLC Reduces Holdings in Quanta Services, Inc. $PWR

RFG Bristol Wealth Advisors LLC trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 14.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,679 shares of the construction company’s stock after selling 292 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in Quanta Services were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. acquired a new position in shares of Quanta Services in the 1st quarter valued at $25,000. Copia Wealth Management boosted 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 buying an additional 56 shares during the period. SOA Wealth Advisors LLC. increased its stake in shares of Quanta Services by 159.3% during 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. Solstein Capital LLC raised its holdings in shares of Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares in the last quarter. Finally, WPG Advisers LLC purchased a new stake in Quanta Services during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE PWR opened at $438.25 on Wednesday. The business’s 50-day simple moving average is $410.64 and its 200-day simple moving average is $378.29. The firm has a market capitalization of $65.35 billion, a P/E ratio of 67.84, a P/E/G ratio of 2.66 and a beta of 1.10. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $469.43. 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 released its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.24 by $0.09. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the company posted $2.72 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 5.93%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup raised their price objective on Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Sanford C. Bernstein cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price objective on the stock. in a research note on Monday, July 28th. Seaport Res Ptn raised Quanta Services to a “hold” rating in a report on Thursday, July 10th. Argus set a $540.00 target price on shares of Quanta Services in a research report on Friday. Finally, Jefferies Financial Group raised their price target on Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research report on Monday. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $438.64.

Quanta Services Company 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.