Trust Co. of Toledo NA OH Takes Position in Quanta Services, Inc. $PWR

Trust Co. of Toledo NA OH bought a new stake in Quanta Services, Inc. (NYSE:PWR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 560 shares of the construction company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. increased its stake in shares of Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after buying an additional 43 shares in the last quarter. Ameriflex Group Inc. increased its stake in shares of Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services in the first quarter valued at $25,000. WPG Advisers LLC acquired a new stake in shares of Quanta Services in the first quarter valued at $31,000. Finally, Webster Bank N. A. increased its stake in shares of Quanta Services by 57.8% in the second quarter. Webster Bank N. A. now owns 131 shares of the construction company’s stock valued at $50,000 after buying an additional 48 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PWR shares. Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a report on Thursday, July 10th. Mizuho started coverage on Quanta Services in a report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price target on the stock. TD Cowen raised their price target on Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Daiwa America cut Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Roth Capital reiterated a “buy” rating and issued a $450.00 price target (up previously from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average price target of $408.45.

Quanta Services Trading Down 3.0%

NYSE:PWR opened at $417.15 on Friday. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $443.97. The business’s 50-day moving average price is $391.79 and its two-hundred day moving average price is $355.54. 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 market capitalization of $62.16 billion, a price-to-earnings ratio of 64.57, a PEG ratio of 2.47 and a beta of 1.04.

Quanta Services (NYSE:PWR) last released 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 return on equity of 18.41% and a net margin of 3.73%.The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the prior year, the firm posted $1.90 earnings per share. The company’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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. 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.