Ameriflex Group Inc. Purchases 40 Shares of Quanta Services, Inc. $PWR

Ameriflex Group Inc. boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 93.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83 shares of the construction company’s stock after buying an additional 40 shares during the quarter. Ameriflex Group Inc.’s holdings in Quanta Services were worth $32,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Quanta Services in the fourth quarter worth about $298,000. Merit Financial Group LLC raised its position in shares of Quanta Services by 15.9% in the 1st quarter. Merit Financial Group LLC now owns 1,767 shares of the construction company’s stock valued at $449,000 after purchasing an additional 243 shares during the last quarter. Congress Asset Management Co. boosted its stake in Quanta Services by 0.9% in the 1st quarter. Congress Asset Management Co. now owns 47,148 shares of the construction company’s stock worth $11,984,000 after purchasing an additional 406 shares in the last quarter. First Affirmative Financial Network purchased a new stake in Quanta Services during the 1st quarter worth approximately $225,000. Finally, KFG Wealth Management LLC increased its stake in Quanta Services by 7.3% during the 1st quarter. KFG Wealth Management LLC now owns 1,093 shares of the construction company’s stock valued at $278,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR stock opened at $421.88 on Monday. 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, Inc. has a 12-month low of $227.08 and a 12-month high of $431.24. The business’s 50 day moving average is $389.67 and its two-hundred day moving average is $350.63. The company has a market capitalization of $62.86 billion, a P/E ratio of 65.31, a P/E/G ratio of 2.50 and a beta of 1.04.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share 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 business 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 company posted $1.90 EPS. The business’s quarterly 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. Analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services’s dividend payout ratio is 6.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PWR shares. TD Cowen boosted their price objective on shares of Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Quanta Services in a report on Saturday, September 27th. Wall Street Zen downgraded Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Mizuho began coverage on shares of Quanta Services in a report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price target on the stock. Finally, Seaport Res Ptn raised shares of Quanta Services to a “hold” rating in a research report on Thursday, July 10th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $404.27.

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.