Quanta Services, Inc. $PWR Shares Bought by Patten & Patten Inc. TN

Patten & Patten Inc. TN raised its holdings in Quanta Services, Inc. (NYSE:PWRFree Report) by 48.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,060 shares of the construction company’s stock after purchasing an additional 675 shares during the period. Patten & Patten Inc. TN’s holdings in Quanta Services were worth $779,000 as of its most recent SEC filing.

Other institutional investors 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 valued at approximately $25,000. Copia Wealth Management increased its holdings in shares of Quanta Services by 509.1% in the 2nd 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 last quarter. 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 valued at $26,000 after acquiring an additional 43 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of Quanta Services in the 1st quarter valued at approximately $31,000. Finally, Ameriflex Group Inc. increased its holdings in shares of Quanta Services by 93.0% in the 2nd 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. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Trading Up 0.1%

Shares of PWR stock opened at $437.38 on Friday. 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, Inc. has a 1 year low of $227.08 and a 1 year high of $446.60. The stock has a fifty day moving average of $395.46 and a two-hundred day moving average of $359.82. The firm has a market capitalization of $65.17 billion, a PE ratio of 67.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

Quanta Services (NYSE:PWRGet Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $6.55 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PWR shares. TD Cowen boosted their price target on Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Northland Securities downgraded Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price target for the company. in a report on Wednesday, July 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a report on Wednesday, October 8th. Truist Financial upped their price objective on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded Quanta Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $398.00 to $469.00 in a research note on Wednesday, September 24th. Fourteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $410.45.

Get Our Latest Stock Report on Quanta Services

Quanta Services Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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