Stock Yards Bank & Trust Co. Has $22.06 Million Stock Holdings in Quanta Services, Inc. $PWR

Stock Yards Bank & Trust Co. increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 9.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 58,353 shares of the construction company’s stock after purchasing an additional 4,966 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Quanta Services were worth $22,062,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PWR. Cullen Frost Bankers Inc. acquired a new position in shares of Quanta Services during the 1st quarter worth about $25,000. SOA Wealth Advisors LLC. raised its holdings in 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 in the last quarter. WPG Advisers LLC acquired a new position in Quanta Services in the 1st quarter valued at approximately $31,000. AlphaQuest LLC acquired a new position in Quanta Services in the 1st quarter valued at approximately $35,000. Finally, Zions Bancorporation National Association UT acquired a new position in Quanta Services in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analysts Set New Price Targets

PWR has been the subject of several recent research reports. Seaport Res Ptn raised Quanta Services to a “hold” rating in a report on Thursday, July 10th. Sanford C. Bernstein cut Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 target price for the company. in a report on Monday, July 28th. Mizuho assumed coverage on Quanta Services in a report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 target price for the company. Roth Capital reissued a “buy” rating and issued a $450.00 target price (up from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Finally, Stifel Nicolaus increased their target price on Quanta Services from $411.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and an average price target of $404.27.

Quanta Services Trading Up 0.2%

PWR stock opened at $421.88 on Friday. The business has a fifty day moving average price of $389.67 and a 200 day moving average price of $349.54. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $431.24. The stock has a market capitalization of $62.86 billion, a price-to-earnings ratio of 65.31, a P/E/G ratio of 2.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating 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 firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the firm posted $1.90 EPS. The business’s 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. Analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be issued 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 of this dividend is Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) 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.