Quanta Services, Inc. $PWR Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC grew its position in Quanta Services, Inc. (NYSE:PWR) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,331 shares of the construction company’s stock after acquiring an additional 198 shares during the quarter. Jacobi Capital Management LLC’s holdings in Quanta Services were worth $2,880,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Quanta Services by 3.5% in the 1st 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 during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Quanta Services by 1.1% during the first quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company’s stock worth $792,000 after purchasing an additional 34 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in Quanta Services by 3.4% in the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company’s stock valued at $277,000 after buying an additional 36 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Quanta Services by 2.6% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company’s stock worth $365,000 after buying an additional 37 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Quanta Services by 15.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 282 shares of the construction company’s stock worth $72,000 after acquiring an additional 38 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PWR has been the subject of several analyst reports. Truist Financial increased their price target on shares of Quanta Services from $375.00 to $472.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Roth Capital reissued a “buy” rating and set a $450.00 target price (up from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. BMO Capital Markets downgraded Quanta Services from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $352.00 to $400.00 in a research note on Thursday, July 17th. Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a research report on Thursday, July 10th. Finally, Northland Securities cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price target on the stock. in a research note on Wednesday, July 2nd. Thirteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $397.18.

Quanta Services Trading Up 4.4%

Shares of PWR stock opened at $389.94 on Thursday. The stock has a market cap of $58.10 billion, a P/E ratio of 60.36, a P/E/G ratio of 2.22 and a beta of 1.01. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $424.94. The business has a fifty day simple moving average of $387.67 and a 200-day simple moving average of $332.65.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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