Prime Capital Investment Advisors LLC Increases Position in Quanta Services, Inc. $PWR

Prime Capital Investment Advisors LLC lifted its position in Quanta Services, Inc. (NYSE:PWR) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,855 shares of the construction company’s stock after purchasing an additional 63 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Quanta Services were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Quanta Services in the first quarter worth $25,000. SOA Wealth Advisors LLC. increased its stake in shares of Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Quanta Services in the first quarter worth $31,000. Ameriflex Group Inc. increased its stake in shares of Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in Quanta Services during the first quarter valued at $35,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Price Performance

Shares of NYSE PWR opened at $429.69 on Friday. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $443.97. The firm has a market cap of $64.03 billion, a PE ratio of 66.52, a PEG ratio of 2.63 and a beta of 1.04. The firm has a fifty day moving average of $391.35 and a 200 day moving average of $353.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) 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 analyst estimates of $6.55 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.19%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PWR. Northland Securities cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 target price for the company. in a research note on Wednesday, July 2nd. Jefferies Financial Group raised shares of Quanta Services from a “hold” rating to a “buy” rating and raised their target price for the company from $398.00 to $469.00 in a research note on Wednesday, September 24th. Evercore ISI raised their target price on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Sanford C. Bernstein lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price objective for the company. in a research report on Monday, July 28th. Finally, BMO Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $352.00 to $400.00 in a report on Thursday, July 17th. Fourteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $408.45.

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.