Delta Investment Management LLC Buys New Stake in Quanta Services, Inc. $PWR

Delta Investment Management LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 531 shares of the construction company’s stock, valued at approximately $201,000.

Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services in the 1st quarter worth $25,000. Copia Wealth Management raised its stake in 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 buying an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. boosted its holdings in Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after acquiring an additional 43 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Quanta Services during the first quarter worth about $31,000. Finally, Ameriflex Group Inc. increased its holdings in shares of 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 in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.1%

Quanta Services stock opened at $441.47 on Tuesday. The business’s 50-day moving average price is $402.52 and its 200 day moving average price is $370.08. 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 has a market cap of $65.78 billion, a price-to-earnings ratio of 68.34, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $447.17.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently disclosed 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 payout ratio is presently 6.19%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PWR. Jefferies Financial Group upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and lifted their target price for the stock from $398.00 to $469.00 in a research note on Wednesday, September 24th. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. BMO Capital Markets downgraded Quanta Services from an “outperform” rating to a “market perform” rating and upped their target price for the company from $352.00 to $400.00 in a research report on Thursday, July 17th. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, DA Davidson boosted their price target on Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $411.59.

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.