Ritholtz Wealth Management Has $1.85 Million Stock Holdings in Quanta Services, Inc. $PWR

Ritholtz Wealth Management boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,897 shares of the construction company’s stock after purchasing an additional 271 shares during the period. Ritholtz Wealth Management’s holdings in Quanta Services were worth $1,852,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PWR. Cullen Frost Bankers Inc. acquired a new position in Quanta Services during the first quarter valued at approximately $25,000. SOA Wealth Advisors LLC. boosted its position in Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after purchasing an additional 43 shares during the last quarter. WPG Advisers LLC acquired a new position in Quanta Services during the first quarter valued at approximately $31,000. Ameriflex Group Inc. boosted its position in Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in Quanta Services during the first quarter valued at approximately $35,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of NYSE PWR opened at $437.38 on Friday. The firm has a market cap of $65.17 billion, a P/E ratio of 67.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $446.60. The business’s 50 day moving average is $395.46 and its 200-day moving average is $359.82.

Quanta Services (NYSE:PWR) last announced its 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. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid 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 was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 6.19%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Northland Securities lowered Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price objective on the stock. in a research note on Wednesday, July 2nd. Mizuho assumed coverage on Quanta Services in a research note on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price objective on the stock. Roth Capital restated a “buy” rating and issued a $450.00 price objective (up previously from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. Finally, Evercore ISI upped their price objective on Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.45.

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.