Blue Trust Inc. Has $479,000 Stock Position in Quanta Services, Inc. $PWR

Blue Trust Inc. raised its position in shares of Quanta Services, Inc. (NYSE:PWR) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267 shares of the construction company’s stock after purchasing an additional 129 shares during the period. Blue Trust Inc.’s holdings in Quanta Services were worth $479,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in Quanta Services during the first quarter valued at approximately $25,000. SOA Wealth Advisors LLC. raised 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 purchasing an additional 43 shares in the last quarter. WPG Advisers LLC acquired a new position in Quanta Services during the first quarter valued at approximately $31,000. Ameriflex Group Inc. raised 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 purchasing an additional 40 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Quanta Services during the first quarter worth $35,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Down 3.0%

PWR opened at $417.15 on Monday. The company has a 50 day moving average of $391.79 and a 200 day moving average of $356.25. The company has a market cap of $62.16 billion, a PE ratio of 64.57, a price-to-earnings-growth ratio of 2.47 and a beta of 1.04. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $443.97. 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 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 company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. Quanta Services’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the firm earned $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, sell-side analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid 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 currently 6.19%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group boosted their target price on shares of Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Seaport Res Ptn raised shares of Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Sanford C. Bernstein cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 target price on the stock. in a research note on Monday, July 28th. Mizuho assumed coverage on shares of Quanta Services in a research note on Thursday, September 4th. They set a “neutral” rating and a $360.00 target price on the stock. Finally, Citigroup boosted their target price on shares of Quanta Services from $432.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $408.45.

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.