1,213 Shares in Quanta Services, Inc. $PWR Acquired by Trust Co. of Oklahoma

Trust Co. of Oklahoma purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,213 shares of the construction company’s stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PWR. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services in the first quarter valued at $25,000. WPG Advisers LLC acquired a new stake in Quanta Services in the 1st quarter valued at about $31,000. AlphaQuest LLC bought a new position in shares of Quanta Services during the 1st quarter valued at about $35,000. Zions Bancorporation National Association UT acquired a new position in shares of Quanta Services in the 1st quarter worth approximately $40,000. Finally, OLD Second National Bank of Aurora bought a new stake in shares of Quanta Services in the 1st quarter worth approximately $42,000. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PWR. Mizuho started coverage on shares of Quanta Services in a report on Thursday, September 4th. They set a “neutral” rating and a $360.00 target price for the company. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. DA Davidson boosted their target price on Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Sanford C. Bernstein lowered Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price target for the company. in a research report on Monday, July 28th. Finally, Northland Capmk cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 2nd. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus target price of $397.18.

Quanta Services Stock Performance

Shares of PWR stock opened at $382.50 on Friday. The company has a market capitalization of $57.00 billion, a price-to-earnings ratio of 59.21, a P/E/G ratio of 2.31 and a beta of 1.01. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $387.66 and its 200-day simple moving average is $334.82.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data 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 return on equity of 18.41% and a net margin of 3.73%.The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the prior year, the business earned $1.90 EPS. 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. On average, sell-side analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services’s dividend payout ratio 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.