Scholtz & Company LLC Purchases 6,280 Shares of Quanta Services, Inc. $PWR

Scholtz & Company LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 80.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,120 shares of the construction company’s stock after purchasing an additional 6,280 shares during the quarter. Quanta Services comprises about 2.3% of Scholtz & Company LLC’s holdings, making the stock its 16th biggest position. Scholtz & Company LLC’s holdings in Quanta Services were worth $5,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Quanta Services by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after buying an additional 407,878 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Quanta Services in the second quarter worth about $650,960,000. Nuveen LLC bought a new position in shares of Quanta Services in the first quarter worth about $404,288,000. Northern Trust Corp raised its stake in shares of Quanta Services by 3.8% in the first quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company’s stock worth $392,839,000 after buying an additional 56,081 shares during the period. Finally, Amundi raised its stake in shares of Quanta Services by 188.3% in the first quarter. Amundi now owns 1,206,577 shares of the construction company’s stock worth $304,139,000 after buying an additional 788,079 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PWR. Truist Financial raised their price objective on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein cut Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 target price for the company. in a research report on Monday, July 28th. DA Davidson increased their target price on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. UBS Group increased their target price on Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Stifel Nicolaus increased their target price on Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Fourteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $414.09.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $453.20 on Friday. The stock has a 50 day moving average of $406.70 and a 200 day moving average of $373.13. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $460.86. The firm has a market cap of $67.53 billion, a PE ratio of 70.15, a PEG ratio of 2.66 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 (NYSE:PWR) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the company earned $2.72 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company 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 of this dividend 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 presently 6.19%.

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.