Retireful LLC Makes New $324,000 Investment in Quanta Services, Inc. $PWR

Retireful LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 856 shares of the construction company’s stock, valued at approximately $324,000.

A number of other institutional investors also recently bought and sold shares of PWR. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services during the first quarter worth about $25,000. WPG Advisers LLC purchased a new stake in shares of Quanta Services in the first quarter valued at about $31,000. AlphaQuest LLC acquired a new position in Quanta Services during the 1st quarter worth approximately $35,000. Zions Bancorporation National Association UT purchased a new position in Quanta Services in the first quarter worth $40,000. Finally, OLD Second National Bank of Aurora purchased a new position in shares of Quanta Services in the 1st quarter valued at about $42,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Up 3.5%

Quanta Services stock opened at $403.26 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The firm’s 50-day moving average is $388.42 and its 200-day moving average is $341.83. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $424.94. The company has a market cap of $60.09 billion, a P/E ratio of 62.42, a PEG ratio of 2.31 and a beta of 1.01.

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 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 business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the prior year, the firm earned $1.90 EPS. The business’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. On average, equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio is 6.19%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PWR. UBS Group boosted their price objective on shares of Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. TD Cowen increased their target price on Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. DA Davidson boosted their price objective on shares of Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $414.00 price objective (up previously from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. Thirteen 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $404.27.

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.