Quanta Services, Inc. $PWR Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lowered its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,447 shares of the construction company’s stock after selling 43 shares during the period. Checchi Capital Advisers LLC’s holdings in Quanta Services were worth $547,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Quanta Services in the first quarter valued at about $25,000. SOA Wealth Advisors LLC. grew 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 during the 1st quarter worth approximately $31,000. Ameriflex Group Inc. lifted its holdings in Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in Quanta Services in the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 1.7%

Shares of NYSE:PWR opened at $428.33 on Tuesday. The firm has a market capitalization of $63.83 billion, a PE ratio of 66.30, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 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. The firm’s 50-day moving average is $390.00 and its two-hundred day moving average is $351.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is presently 6.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PWR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a research note on Saturday, September 27th. JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $345.00 to $392.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Citigroup increased their target price on shares of Quanta Services from $432.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Seaport Res Ptn raised shares of Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Finally, Northland Capmk lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 2nd. Fourteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $404.27.

Quanta Services Company 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.