Ameliora Wealth Management Ltd. Has $832,000 Position in Quanta Services, Inc. $PWR

Key Points

• Ameliora Wealth Management Ltd. has reduced its position in Quanta Services, Inc. by 32.6%, now holding 2,200 shares valued at $832,000.
• Over 90% of Quanta Services' stock is owned by institutional investors, with significant recent activity including new stakes from multiple firms and notable increases in holdings.
• Quanta Services recently reported $2.48 per share earnings, surpassing estimates, and announced a quarterly dividend of $0.10 payable on October 10th.

Ameliora Wealth Management Ltd. decreased its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 32.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the construction company's stock after selling 1,062 shares during the period. Ameliora Wealth Management Ltd.'s holdings in Quanta Services were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. SCP Investment LP acquired a new stake in shares of Quanta Services in the 1st quarter valued at $966,000. Brighton Jones LLC bought a new position in Quanta Services in the fourth quarter valued at about $298,000. Swedbank AB raised its stake in Quanta Services by 50.5% during the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company's stock worth $304,269,000 after acquiring an additional 401,418 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Quanta Services by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock worth $17,480,000 after acquiring an additional 2,479 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Quanta Services by 60.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company's stock valued at $404,000 after purchasing an additional 588 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PWR has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Stifel Nicolaus increased their price target on Quanta Services from $411.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 4th. TD Cowen boosted their price objective on Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Daiwa America downgraded Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group raised Quanta Services from a "hold" rating to a "buy" rating and lifted their price target for the company from $398.00 to $469.00 in a research note on Wednesday, September 24th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $404.27.

Quanta Services Stock Up 1.7%

Shares of NYSE PWR opened at $428.33 on Tuesday. The company's 50 day moving average price is $390.00 and its 200-day moving average price is $351.75. 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, Inc. has a 52-week low of $227.08 and a 52-week high of $431.24. The company has a market capitalization of $63.83 billion, a P/E ratio of 66.30, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04.

Quanta Services (NYSE:PWR - Get Free Report) last announced its 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. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. Quanta Services's quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders 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 dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Quanta Services's payout ratio is currently 6.19%.

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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