600 Shares in Quanta Services, Inc. $PWR Acquired by Drucker Wealth 3.0 LLC

Key Points

• Drucker Wealth 3.0 LLC acquired 600 shares of Quanta Services, Inc. valued at approximately $229,000 in the 2nd quarter, highlighting strong institutional interest in the company.
• Analysts maintain a consensus rating of "Moderate Buy" for Quanta Services, with a price target averaging $408.45, though some have downgraded their ratings recently.
• Quanta Services recently reported an earnings per share (EPS) of $2.48 for the last quarter, exceeding expectations as revenue increased by 21.1% year-over-year.

Drucker Wealth 3.0 LLC acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 600 shares of the construction company's stock, valued at approximately $229,000.

Other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. lifted its position in shares of Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company's stock worth $26,000 after buying an additional 43 shares during the last quarter. Ameriflex Group Inc. lifted its position in shares of Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company's stock worth $32,000 after buying an additional 40 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Quanta Services during the 1st quarter worth approximately $25,000. WPG Advisers LLC purchased a new stake in shares of Quanta Services during the 1st quarter worth approximately $31,000. Finally, Webster Bank N. A. lifted its position in shares of Quanta Services by 57.8% during the 2nd quarter. Webster Bank N. A. now owns 131 shares of the construction company's stock worth $50,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PWR shares. Evercore ISI boosted their price objective on shares of Quanta Services from $360.00 to $410.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Northland Securities cut shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 target price on the stock. in a report on Wednesday, July 2nd. Daiwa America cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. DA Davidson lifted their target price on shares of Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Finally, Sanford C. Bernstein cut shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 target price on the stock. in a report on Monday, July 28th. Fourteen equities research 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, the company has an average rating of "Moderate Buy" and a consensus price target of $408.45.

Quanta Services Stock Performance

Shares of PWR opened at $417.15 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The stock has a market capitalization of $62.16 billion, a P/E ratio of 64.57, a P/E/G ratio of 2.47 and a beta of 1.04. The company's fifty day moving average is $391.79 and its two-hundred day moving average is $355.54. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $443.97.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. Quanta Services's revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 EPS. 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 year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were 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 was Wednesday, October 1st. Quanta Services's payout ratio is presently 6.19%.

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.

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