Terril Brothers Inc. Buys Shares of 750 Quanta Services, Inc. $PWR

Terril Brothers Inc. purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 750 shares of the construction company’s stock, valued at approximately $284,000.

A number of other hedge funds have also recently modified their holdings of the company. SCP Investment LP purchased a new stake in Quanta Services in the 1st quarter valued at about $966,000. Brighton Jones LLC acquired a new position in shares of Quanta Services in the fourth quarter worth $298,000. Swedbank AB increased its holdings in Quanta Services by 50.5% during the 1st quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after purchasing an additional 401,418 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Quanta Services in the second quarter valued at approximately $271,000. Finally, Voya Investment Management LLC raised its holdings in shares of Quanta Services by 8.6% in the 1st quarter. Voya Investment Management LLC now owns 598,067 shares of the construction company’s stock valued at $152,017,000 after purchasing an additional 47,469 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. DA Davidson upped their price objective on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Daiwa America lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. BMO Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $352.00 to $400.00 in a research report on Thursday, July 17th. Jefferies Financial Group raised shares of Quanta Services from a “hold” rating to a “buy” rating and increased their target price for the company from $398.00 to $469.00 in a research report on Wednesday, September 24th. Finally, Citigroup boosted their price target on shares of Quanta Services from $490.00 to $517.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $414.09.

Quanta Services Trading Up 1.0%

Shares of PWR stock opened at $453.20 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $460.86. 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 business’s 50 day moving average is $406.70 and its two-hundred day moving average is $373.13. The company has a market capitalization of $67.53 billion, a P/E ratio of 70.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. Quanta Services’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were issued 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 payout ratio is currently 6.19%.

About Quanta Services

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.