Atria Wealth Solutions Inc. Has $4.06 Million Stock Position in Quanta Services, Inc. $PWR

Atria Wealth Solutions Inc. boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 27.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,710 shares of the construction company’s stock after buying an additional 2,338 shares during the period. Atria Wealth Solutions Inc.’s holdings in Quanta Services were worth $4,056,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PWR. Kingstone Capital Partners Texas LLC acquired a new position in shares of Quanta Services during the 2nd quarter worth approximately $650,960,000. Nuveen LLC acquired a new position in shares of Quanta Services during the 1st quarter worth approximately $404,288,000. Amundi grew its position in shares of Quanta Services by 188.3% during the 1st quarter. Amundi now owns 1,206,577 shares of the construction company’s stock worth $304,139,000 after purchasing an additional 788,079 shares in the last quarter. Jennison Associates LLC grew its position in shares of Quanta Services by 433.3% during the 1st quarter. Jennison Associates LLC now owns 620,973 shares of the construction company’s stock worth $157,839,000 after purchasing an additional 504,540 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Quanta Services by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after purchasing an additional 407,878 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of analyst reports. BMO Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $352.00 to $400.00 in a research report on Thursday, July 17th. Wall Street Zen lowered shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. UBS Group increased their price target 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. Northland Capmk lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 2nd. Finally, DA Davidson lifted their price target on Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Fourteen investment 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $408.45.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $433.93 on Wednesday. The company has a market cap of $64.66 billion, a price-to-earnings ratio of 67.17, a PEG ratio of 2.55 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. The firm has a 50 day simple moving average of $393.46 and a 200 day simple moving average of $358.02. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $443.97.

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

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio is presently 6.19%.

Quanta Services 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.