Wolff Wiese Magana LLC Acquires 1,116 Shares of Quanta Services, Inc. $PWR

Wolff Wiese Magana LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 134.9% in the second quarter, Holdings Channel reports. The firm owned 1,943 shares of the construction company’s stock after purchasing an additional 1,116 shares during the period. Wolff Wiese Magana LLC’s holdings in Quanta Services were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. SCP Investment LP bought a new position in Quanta Services in the 1st quarter valued at $966,000. Brighton Jones LLC bought a new position in shares of Quanta Services during the 4th quarter worth $298,000. Swedbank AB grew its stake in shares of Quanta Services by 50.5% during the 1st quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after acquiring an additional 401,418 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Quanta Services by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company’s stock worth $17,480,000 after acquiring an additional 2,479 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Quanta Services by 60.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company’s stock worth $404,000 after acquiring an additional 588 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PWR shares. Northland Capmk downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 2nd. Truist Financial increased their price target on Quanta Services from $375.00 to $472.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Sanford C. Bernstein downgraded Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price target for the company. in a research note on Monday, July 28th. UBS Group increased their price target on Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group upgraded Quanta Services from a “hold” rating to a “buy” rating and increased their price target for the stock from $398.00 to $469.00 in a research note on Wednesday, September 24th. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus target price of $404.27.

Quanta Services Stock Up 1.4%

Shares of NYSE PWR opened at $406.00 on Monday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $424.94. The business has a 50-day simple moving average of $388.49 and a two-hundred day simple moving average of $345.37. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $60.50 billion, a P/E ratio of 62.85, a P/E/G ratio of 2.41 and a beta of 1.01.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the company earned $1.90 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is 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 presently 6.19%.

About Quanta Services

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.