Quanta Services, Inc. $PWR Shares Acquired by MBE Wealth Management LLC

MBE Wealth Management LLC grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 11.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,061 shares of the construction company’s stock after buying an additional 105 shares during the period. MBE Wealth Management LLC’s holdings in Quanta Services were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services during the first quarter valued at about $25,000. WPG Advisers LLC purchased a new position in Quanta Services in the first quarter worth approximately $31,000. AlphaQuest LLC purchased a new position in Quanta Services in the first quarter worth approximately $35,000. Zions Bancorporation National Association UT purchased a new position in Quanta Services in the first quarter worth approximately $40,000. Finally, OLD Second National Bank of Aurora purchased a new position in Quanta Services in the first quarter worth approximately $42,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Down 1.0%

PWR opened at $398.85 on Friday. The firm has a market capitalization of $59.43 billion, a P/E ratio of 61.74, a P/E/G ratio of 2.39 and a beta of 1.01. The firm’s 50 day moving average is $388.44 and its 200-day moving average is $342.96. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $424.94. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the company earned $1.90 earnings per share. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. 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 announced 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is presently 6.19%.

Analysts Set New Price Targets

PWR has been the topic of a number of recent research reports. BMO Capital Markets cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $352.00 to $400.00 in a report on Thursday, July 17th. DA Davidson upped their price target on shares of Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Mizuho started coverage on shares of Quanta Services in a research note on Thursday, September 4th. They set a “neutral” rating and a $360.00 price target on the stock. Roth Capital reiterated a “buy” rating and issued a $450.00 price objective (up from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. Finally, Stifel Nicolaus upped their target price on shares of Quanta Services from $411.00 to $432.00 and gave the company a “buy” rating in a report on Monday, August 4th. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $404.27.

Quanta Services 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.