Cooper Financial Group Invests $428,000 in Quanta Services, Inc. $PWR

Cooper Financial Group bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,132 shares of the construction company’s stock, valued at approximately $428,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in shares of Quanta Services during the 4th quarter valued at about $298,000. Merit Financial Group LLC lifted its holdings in Quanta Services by 15.9% in the first quarter. Merit Financial Group LLC now owns 1,767 shares of the construction company’s stock valued at $449,000 after acquiring an additional 243 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Quanta Services by 224.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,376 shares of the construction company’s stock valued at $858,000 after purchasing an additional 2,334 shares during the last quarter. Signal Advisors Wealth LLC lifted its stake in shares of Quanta Services by 29.8% in the 1st quarter. Signal Advisors Wealth LLC now owns 18,036 shares of the construction company’s stock valued at $4,584,000 after purchasing an additional 4,139 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its stake in shares of Quanta Services by 3.2% in the 1st quarter. Radnor Capital Management LLC now owns 7,350 shares of the construction company’s stock valued at $1,868,000 after purchasing an additional 225 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PWR has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Quanta Services from $345.00 to $392.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. DA Davidson upped their price target on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Stifel Nicolaus increased their target price on Quanta Services from $411.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, Evercore ISI increased their price target on shares of Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $404.27.

Quanta Services Price Performance

Shares of PWR opened at $420.71 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $431.24. The firm’s fifty day simple moving average is $389.67 and its 200-day simple moving average is $348.44. The firm has a market capitalization of $62.69 billion, a price-to-earnings ratio of 65.13, a PEG ratio of 2.50 and a beta of 1.04. 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 (NYSE:PWR) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share 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 for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the company earned $1.90 EPS. The business’s quarterly revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS 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. Investors of record on Wednesday, October 1st will be paid a dividend of $0.10 per share. 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 (DPR) is currently 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.