TD Asset Management Inc Purchases 524 Shares of Quanta Services, Inc. $PWR

TD Asset Management Inc grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,564 shares of the construction company’s stock after buying an additional 524 shares during the period. TD Asset Management Inc owned approximately 0.08% of Quanta Services worth $45,583,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PWR. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services during the 1st quarter worth $25,000. SOA Wealth Advisors LLC. grew its holdings in shares of Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of Quanta Services during the 1st quarter worth $31,000. Ameriflex Group Inc. grew its holdings in shares of Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Quanta Services during the 1st quarter worth $35,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PWR shares. JPMorgan Chase & Co. increased their target price on Quanta Services from $395.00 to $436.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group raised Quanta Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $398.00 to $469.00 in a research note on Wednesday, September 24th. DA Davidson raised their price objective on Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, UBS Group raised their price objective on Quanta Services from $413.00 to $474.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $410.45.

Quanta Services Stock Performance

Shares of PWR stock opened at $437.38 on Friday. The business’s 50-day moving average price is $395.46 and its 200-day moving average price is $359.82. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $446.60. The firm has a market capitalization of $65.17 billion, a price-to-earnings ratio of 67.71, a PEG 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 (NYSE:PWR) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period last year, the firm posted $1.90 earnings per share. The business’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. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders 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 dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) 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.