Quanta Services, Inc. $PWR Shares Acquired by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 159.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70 shares of the construction company’s stock after purchasing an additional 43 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Quanta Services were worth $26,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SCP Investment LP acquired a new stake in shares of Quanta Services during the first quarter worth $966,000. Brighton Jones LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth $298,000. Swedbank AB boosted its holdings in shares of Quanta Services by 50.5% during the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after purchasing an additional 401,418 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Quanta Services by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company’s stock worth $17,480,000 after buying an additional 2,479 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Quanta Services by 60.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company’s stock worth $404,000 after buying an additional 588 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BMO Capital Markets lowered Quanta Services from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $352.00 to $400.00 in a research report on Thursday, July 17th. Seaport Res Ptn raised Quanta Services to a “hold” rating in a research report on Thursday, July 10th. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Truist Financial raised their price objective on Quanta Services from $375.00 to $472.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Finally, Roth Capital reissued a “buy” rating and issued a $450.00 price objective (up from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $404.27.

Quanta Services Stock Performance

Shares of PWR stock opened at $421.88 on Friday. 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 business has a 50 day moving average of $389.67 and a two-hundred day moving average of $349.54. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $431.24. The company has a market cap of $62.86 billion, a P/E ratio of 65.31, a PEG ratio of 2.50 and a beta of 1.04.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. Quanta Services’s quarterly 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. As a group, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

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