Quanta Services, Inc. $PWR Shares Purchased by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 3.6% in the second quarter, HoldingsChannel.com reports. The firm owned 14,509 shares of the construction company’s stock after buying an additional 500 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Quanta Services were worth $5,486,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services in the first quarter valued at approximately $25,000. Copia Wealth Management boosted its holdings in shares of Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after acquiring an additional 56 shares during the period. SOA Wealth Advisors LLC. boosted its holdings 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 acquiring an additional 43 shares during the period. Solstein Capital LLC boosted its holdings in shares of Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares during the period. Finally, WPG Advisers LLC acquired a new stake in shares of Quanta Services in the first quarter valued at approximately $31,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PWR shares. Roth Capital set a $500.00 price objective on Quanta Services and gave the company a “buy” rating in a report on Friday. Seaport Res Ptn raised Quanta Services to a “hold” rating in a report on Thursday, July 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a research note on Wednesday, October 8th. Stifel Nicolaus upped their price target on Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, TD Cowen upped their price target on Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $435.55.

Quanta Services Trading Down 0.8%

NYSE:PWR opened at $450.16 on Friday. The stock has a fifty day moving average price of $408.11 and a two-hundred day moving average price of $374.35. The stock has a market capitalization of $67.08 billion, a price-to-earnings ratio of 69.68, a PEG ratio of 2.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $469.43.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $0.09. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were given a $0.10 dividend. The ex-dividend date 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%.

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.