Stock Yards Bank & Trust Co. Has $22.06 Million Stock Position in Quanta Services, Inc. $PWR

Stock Yards Bank & Trust Co. grew its position in Quanta Services, Inc. (NYSE:PWR) by 9.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 58,353 shares of the construction company’s stock after buying an additional 4,966 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Quanta Services were worth $22,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PWR. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services in the 1st quarter valued at $25,000. SOA Wealth Advisors LLC. increased its stake in shares of Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after buying an additional 43 shares during the period. WPG Advisers LLC acquired a new stake in shares of Quanta Services in the 1st quarter valued at $31,000. AlphaQuest LLC acquired a new stake in shares of Quanta Services in the 1st quarter valued at $35,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Quanta Services in the 1st quarter valued at $40,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. DA Davidson raised their price target on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Sanford C. Bernstein lowered Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price target on the stock. in a research report on Monday, July 28th. Stifel Nicolaus raised their price target on Quanta Services from $411.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a research report on Thursday, July 10th. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $404.27.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $421.88 on Friday. The firm has a market cap of $62.86 billion, a price-to-earnings ratio of 65.31, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04. The stock’s 50-day moving average is $389.67 and its 200-day moving average is $349.54. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $431.24. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32.

Quanta Services (NYSE:PWR) last issued its quarterly 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. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be issued 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 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.