Solstein Capital LLC Grows Holdings in Quanta Services, Inc. $PWR

Solstein Capital LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 185.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80 shares of the construction company’s stock after buying an additional 52 shares during the period. Solstein Capital LLC’s holdings in Quanta Services were worth $30,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Old Port Advisors increased its stake in Quanta Services by 0.7% during the 2nd quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock worth $1,491,000 after buying an additional 26 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in Quanta Services by 3.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company’s stock worth $242,000 after buying an additional 32 shares during the period. Frank Rimerman Advisors LLC increased its stake in Quanta Services by 1.1% during the 1st quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company’s stock worth $792,000 after buying an additional 34 shares during the period. Eastern Bank increased its stake in Quanta Services by 23.5% during the 2nd quarter. Eastern Bank now owns 184 shares of the construction company’s stock worth $70,000 after buying an additional 35 shares during the period. Finally, Legacy Capital Wealth Partners LLC increased its stake in Quanta Services by 3.4% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company’s stock worth $277,000 after buying an additional 36 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on PWR. Mizuho started coverage on shares of Quanta Services in a research note on Thursday, September 4th. They set a “neutral” rating and a $360.00 target price on the stock. Northland Capmk downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Truist Financial increased their price objective on shares of Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Quanta Services from $395.00 to $436.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, UBS Group increased their price objective on shares of Quanta Services from $413.00 to $474.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.59.

Quanta Services Trading Up 0.1%

Shares of Quanta Services stock opened at $441.47 on Tuesday. The company has a fifty day simple moving average of $402.52 and a 200-day simple moving average of $370.08. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $447.17. 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 stock has a market cap of $65.78 billion, a price-to-earnings ratio of 68.34, a PEG ratio of 2.61 and a beta of 1.04.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the business posted $1.90 EPS. The company’s revenue for the quarter 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 forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

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