Apollon Wealth Management LLC Grows Stock Holdings in Quanta Services, Inc. $PWR

Apollon Wealth Management LLC raised its position in shares of Quanta Services, Inc. (NYSE:PWR) by 18.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,206 shares of the construction company’s stock after acquiring an additional 1,147 shares during the period. Apollon Wealth Management LLC’s holdings in Quanta Services were worth $2,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. SOA Wealth Advisors LLC. increased 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 acquiring an additional 43 shares during the last quarter. Ameriflex Group Inc. increased 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 acquiring an additional 40 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Quanta Services during the first quarter valued at $25,000. Hemington Wealth Management increased its position in Quanta Services by 69.0% during the second quarter. Hemington Wealth Management now owns 120 shares of the construction company’s stock valued at $45,000 after acquiring an additional 49 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in Quanta Services during the first quarter valued at $31,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 3.0%

Shares of Quanta Services stock opened at $417.15 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $443.97. The firm’s 50-day moving average is $391.79 and its two-hundred day moving average is $356.25. The stock has a market cap of $62.16 billion, a price-to-earnings ratio of 64.57, a PEG ratio of 2.47 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, topping 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 company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the prior year, the business earned $1.90 EPS. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PWR shares. JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $345.00 to $392.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a research report on Wednesday, October 8th. DA Davidson upped their price target on shares of Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Evercore ISI upped their price target on shares of Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Northland Securities cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price target on the stock. in a report on Wednesday, July 2nd. Fourteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $408.45.

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.