622 Shares in Quanta Services, Inc. $PWR Bought by TFB Advisors LLC

Key Points

• TFB Advisors LLC has acquired a new stake in Quanta Services, Inc., purchasing 622 shares valued at approximately $235,000.
• Institutional investors and hedge funds hold a significant 90.49% of Quanta Services' stock, indicating strong market confidence in the company.
• Quanta Services reported a quarterly revenue of $6.77 billion, exceeding analysts' expectations and demonstrating a year-over-year revenue growth of 21.1%.

TFB Advisors LLC purchased a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 622 shares of the construction company's stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC acquired a new stake in Quanta Services during the second quarter worth approximately $650,960,000. Nuveen LLC acquired a new stake in Quanta Services during the 1st quarter worth $404,288,000. Amundi lifted its position in Quanta Services by 188.3% in the first quarter. Amundi now owns 1,206,577 shares of the construction company's stock valued at $304,139,000 after acquiring an additional 788,079 shares during the last quarter. Jennison Associates LLC boosted its stake in Quanta Services by 433.3% in the first quarter. Jennison Associates LLC now owns 620,973 shares of the construction company's stock valued at $157,839,000 after acquiring an additional 504,540 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Quanta Services by 2.4% during the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company's stock worth $4,427,129,000 after purchasing an additional 407,878 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Performance

NYSE PWR opened at $427.32 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The business's 50 day moving average is $400.13 and its two-hundred day moving average is $365.99. The stock has a market capitalization of $63.67 billion, a price-to-earnings ratio of 66.15, a PEG ratio of 2.44 and a beta of 1.04. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $446.60.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services's revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.1%. Quanta Services's dividend payout ratio is 6.19%.

Analyst Ratings Changes

PWR has been the topic of a number of research reports. TD Cowen raised their price target on Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Northland Capmk lowered shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 2nd. BMO Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and upped their price target for the company from $352.00 to $400.00 in a research report on Thursday, July 17th. Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a research report on Thursday, July 10th. Finally, Mizuho assumed coverage on shares of Quanta Services in a report on Thursday, September 4th. They issued a "neutral" rating and a $360.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $411.59.

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.

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