Bayforest Capital Ltd Acquires 324 Shares of Quanta Services, Inc. $PWR

Bayforest Capital Ltd lifted its holdings in Quanta Services, Inc. (NYSE:PWR) by 29.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,430 shares of the construction company’s stock after buying an additional 324 shares during the period. Bayforest Capital Ltd’s holdings in Quanta Services were worth $541,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services in the 1st quarter worth about $25,000. SOA Wealth Advisors LLC. increased its holdings 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 worth $26,000 after buying an additional 43 shares during the last quarter. WPG Advisers LLC bought a new position in Quanta Services during the 1st quarter valued at about $31,000. Ameriflex Group Inc. grew its holdings in Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in Quanta Services during the 1st quarter valued at about $35,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

Shares of PWR opened at $433.93 on Wednesday. The company has a 50 day moving average price of $393.46 and a 200-day moving average price of $358.02. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $443.97. The stock has a market capitalization of $64.66 billion, a PE ratio of 67.17, a PEG ratio of 2.55 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37.

Quanta Services (NYSE:PWR) last announced its quarterly 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 net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the company earned $1.90 EPS. The company’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. Equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is presently 6.19%.

Analyst Upgrades and Downgrades

PWR has been the topic of several analyst reports. Stifel Nicolaus upped their price target on shares of Quanta Services from $432.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Northland Capmk downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 2nd. BMO Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “market perform” rating and upped their price target for the company from $352.00 to $400.00 in a report on Thursday, July 17th. Roth Capital reiterated a “buy” rating and set a $450.00 price target (up from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $345.00 to $392.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $408.45.

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.