Quanta Services, Inc. $PWR Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,049 shares of the construction company’s stock after acquiring an additional 105 shares during the period. Chicago Partners Investment Group LLC’s holdings in Quanta Services were worth $2,855,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of Quanta Services during the second quarter valued at about $763,000. Quotient Wealth Partners LLC grew its stake in shares of Quanta Services by 5.9% during the second quarter. Quotient Wealth Partners LLC now owns 1,290 shares of the construction company’s stock valued at $488,000 after acquiring an additional 72 shares in the last quarter. Citizens Business Bank grew its stake in shares of Quanta Services by 2.7% during the second quarter. Citizens Business Bank now owns 33,951 shares of the construction company’s stock valued at $12,836,000 after acquiring an additional 908 shares in the last quarter. Chevy Chase Trust Holdings LLC lifted its position in shares of Quanta Services by 1.4% during the second quarter. Chevy Chase Trust Holdings LLC now owns 78,698 shares of the construction company’s stock worth $29,754,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Quanta Services by 16.3% during the second quarter. Stratos Wealth Partners LTD. now owns 33,828 shares of the construction company’s stock worth $12,790,000 after purchasing an additional 4,735 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PWR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of Quanta Services from a “hold” rating to a “buy” rating and increased their price target for the stock from $398.00 to $469.00 in a research report on Wednesday, September 24th. Wall Street Zen cut shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. UBS Group increased their price target on shares of Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Evercore ISI increased their price target on shares of Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $410.45.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $434.65 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $396.43 and its two-hundred day moving average price is $362.48. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $446.60. The stock has a market capitalization of $64.77 billion, a P/E ratio of 67.28, a P/E/G ratio of 2.57 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 analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter last year, the company posted $1.90 earnings per share. Quanta Services’s 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, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current 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 $0.10 dividend. 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 (DPR) 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.