Childress Capital Advisors LLC Makes New $233,000 Investment in Quanta Services, Inc. $PWR

Childress Capital Advisors LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 616 shares of the construction company's stock, valued at approximately $233,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Quanta Services in the fourth quarter valued at $298,000. Merit Financial Group LLC raised its holdings in Quanta Services by 15.9% in the 1st quarter. Merit Financial Group LLC now owns 1,767 shares of the construction company's stock valued at $449,000 after buying an additional 243 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Quanta Services by 0.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 17,713 shares of the construction company's stock valued at $4,502,000 after buying an additional 140 shares during the period. Teamwork Financial Advisors LLC raised its holdings in Quanta Services by 23.9% in the 1st quarter. Teamwork Financial Advisors LLC now owns 11,614 shares of the construction company's stock valued at $2,952,000 after buying an additional 2,244 shares during the period. Finally, Nixon Peabody Trust Co. purchased a new stake in shares of Quanta Services in the 1st quarter valued at approximately $4,274,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PWR shares. Sanford C. Bernstein downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a research note on Monday, July 28th. Seaport Res Ptn raised Quanta Services to a "hold" rating in a research report on Thursday, July 10th. Northland Securities downgraded Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective on the stock. in a report on Wednesday, July 2nd. Roth Capital reiterated a "buy" rating and issued a $450.00 price objective (up previously from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Finally, DA Davidson boosted 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. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $404.27.

Quanta Services Price Performance

Shares of NYSE PWR opened at $421.01 on Thursday. The stock's 50-day moving average is $389.41 and its two-hundred day moving average is $347.39. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94. The company has a market cap of $62.73 billion, a price-to-earnings ratio of 65.17, a price-to-earnings-growth ratio of 2.46 and a beta of 1.04.

Quanta Services (NYSE:PWR - Get Free Report) last released 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. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the prior year, the firm 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 forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced 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. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Quanta Services's dividend payout ratio is 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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