Quanta Services, Inc. $PWR Position Raised by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 159.3% during 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 70 shares of the construction company’s stock after purchasing an additional 43 shares during the period. SOA Wealth Advisors LLC.’s holdings in Quanta Services were worth $26,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PWR. Brighton Jones LLC bought a new position in shares of Quanta Services in the fourth quarter valued at $298,000. Merit Financial Group LLC grew its holdings in shares of Quanta Services by 15.9% during the 1st quarter. Merit Financial Group LLC now owns 1,767 shares of the construction company’s stock valued at $449,000 after acquiring an additional 243 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Quanta Services by 224.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,376 shares of the construction company’s stock worth $858,000 after purchasing an additional 2,334 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in Quanta Services by 29.8% in the first quarter. Signal Advisors Wealth LLC now owns 18,036 shares of the construction company’s stock worth $4,584,000 after purchasing an additional 4,139 shares in the last quarter. Finally, Radnor Capital Management LLC boosted its holdings in Quanta Services by 3.2% in the first quarter. Radnor Capital Management LLC now owns 7,350 shares of the construction company’s stock worth $1,868,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PWR. Weiss Ratings reissued a “buy (b-)” rating on shares of Quanta Services in a research report on Saturday, September 27th. 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 report on Friday, July 25th. Evercore ISI upped their price objective on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Northland Securities lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 price target for the company. in a research report on Wednesday, July 2nd. Finally, Jefferies Financial Group raised shares of Quanta Services from a “hold” rating to a “buy” rating and increased their price target for the company from $398.00 to $469.00 in a research note on Wednesday, September 24th. Fourteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $404.27.

Quanta Services Stock Performance

Shares of PWR opened at $421.88 on Friday. The firm has a 50-day moving average of $389.67 and a 200-day moving average of $349.54. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $431.24. The company has a market cap of $62.86 billion, a PE ratio of 65.31, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is 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 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.