Quanta Services, Inc. $PWR Shares Sold by Realta Investment Advisors

Realta Investment Advisors trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 7.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,937 shares of the construction company’s stock after selling 150 shares during the period. Realta Investment Advisors’ holdings in Quanta Services were worth $732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. raised its holdings in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares during the period. Ameriflex Group Inc. raised its holdings in shares of Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services during the first quarter worth $25,000. WPG Advisers LLC bought a new position in shares of Quanta Services during the first quarter worth about $31,000. Finally, Webster Bank N. A. grew its position in shares of Quanta Services by 57.8% during the second quarter. Webster Bank N. A. now owns 131 shares of the construction company’s stock worth $50,000 after acquiring an additional 48 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of PWR opened at $421.88 on Friday. The firm has a 50-day moving average price of $389.67 and a 200 day moving average price of $350.08. The firm has a market capitalization of $62.86 billion, a PE ratio of 65.31, a P/E/G ratio of 2.50 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $431.24.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. Quanta Services’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on PWR. Truist Financial upped their price target on shares of Quanta Services from $375.00 to $472.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. DA Davidson upped their price target 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. Citigroup upped their price target on shares of Quanta Services from $432.00 to $492.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. TD Cowen upped their price target on shares of Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a research report on Saturday, September 27th. Fourteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $404.27.

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.