Quanta Services, Inc. $PWR Shares Purchased by Solstein Capital LLC

Solstein Capital LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 185.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80 shares of the construction company’s stock after purchasing an additional 52 shares during the period. Solstein Capital LLC’s holdings in Quanta Services were worth $30,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PWR. Cullen Frost Bankers Inc. acquired a new stake in Quanta Services during the 1st quarter worth $25,000. Copia Wealth Management raised its position in Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after buying an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in Quanta Services by 159.3% during 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 purchased a new position in Quanta Services during the 1st quarter worth $31,000. Finally, Ameriflex Group Inc. raised its position in Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE:PWR opened at $441.47 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $402.52 and a two-hundred day moving average price of $370.08. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $447.17. The company has a market capitalization of $65.78 billion, a P/E ratio of 68.34, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating 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 the consensus estimate of $6.55 billion. During the same period last year, the firm posted $1.90 EPS. The firm’s revenue for the quarter 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 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were 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 was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 6.19%.

Analysts Set New Price Targets

PWR has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. BMO Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $352.00 to $400.00 in a research report on Thursday, July 17th. DA Davidson upped their price objective on shares of Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Roth Capital restated a “buy” rating and set a $450.00 price objective (up previously from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. Finally, Jefferies Financial Group upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and increased their price target for the company from $398.00 to $469.00 in a report on Wednesday, September 24th. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and an average price target of $411.59.

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.