Hickory Point Bank & Trust Reduces Position in Quanta Services, Inc. $PWR

Hickory Point Bank & Trust decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the construction company’s stock after selling 30 shares during the quarter. Hickory Point Bank & Trust’s holdings in Quanta Services were worth $567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PWR. Brighton Jones LLC acquired a new position in shares of Quanta Services during the 4th quarter valued at about $298,000. Quantinno Capital Management LP boosted its position in shares of Quanta Services by 8.1% during the 4th quarter. Quantinno Capital Management LP now owns 11,817 shares of the construction company’s stock valued at $3,735,000 after acquiring an additional 890 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Quanta Services by 14.5% during the 4th quarter. ProShare Advisors LLC now owns 21,370 shares of the construction company’s stock valued at $6,754,000 after acquiring an additional 2,703 shares during the last quarter. Rafferty Asset Management LLC boosted its position in shares of Quanta Services by 8.5% during the 4th quarter. Rafferty Asset Management LLC now owns 14,650 shares of the construction company’s stock valued at $4,630,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its position in Quanta Services by 39.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,365 shares of the construction company’s stock valued at $1,696,000 after buying an additional 1,522 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PWR. Northland Capmk cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. BMO Capital Markets cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $352.00 to $400.00 in a research report on Thursday, July 17th. Roth Capital reissued a “buy” rating and set a $450.00 price target (up previously from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. Finally, Seaport Res Ptn raised shares of Quanta Services to a “hold” rating in a research report on Thursday, July 10th. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $397.18.

Quanta Services Stock Down 1.8%

PWR stock opened at $382.50 on Monday. The company’s 50 day moving average price is $387.66 and its 200 day moving average price is $335.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $424.94. The firm has a market capitalization of $56.99 billion, a price-to-earnings ratio of 59.21, a PEG ratio of 2.27 and a beta of 1.01.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.04. The firm had revenue of $6.77 billion for 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 business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

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 paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services’s dividend payout ratio is currently 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.