550 Shares in Quanta Services, Inc. $PWR Bought by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 550 shares of the construction company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PWR. Cullen Frost Bankers Inc. acquired a new stake in Quanta Services in the first quarter valued at $25,000. Copia Wealth Management lifted its holdings in Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after acquiring an additional 56 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after acquiring an additional 43 shares during the period. WPG Advisers LLC acquired a new stake in Quanta Services in the first quarter valued at $31,000. Finally, 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 period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Up 0.1%

Quanta Services stock opened at $437.38 on Friday. The stock has a market cap of $65.17 billion, a PE ratio of 67.71, a P/E/G ratio of 2.59 and a beta of 1.04. The stock has a 50-day moving average price of $395.46 and a 200 day moving average price of $359.82. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $446.60. 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 posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping 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 return on equity of 18.41% and a net margin of 3.73%.The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is presently 6.19%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PWR. Wall Street Zen downgraded Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. JPMorgan Chase & Co. raised their target price on Quanta Services from $395.00 to $436.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group raised their target price on Quanta Services from $413.00 to $474.00 and gave the company a “buy” rating in a report on Friday, July 25th. BMO Capital Markets cut Quanta Services from an “outperform” rating to a “market perform” rating and raised their price target for the company from $352.00 to $400.00 in a research report on Thursday, July 17th. Finally, Sanford C. Bernstein cut Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price target for the company. in a research report on Monday, July 28th. Fourteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $410.45.

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.