Cooper Financial Group Acquires Shares of 1,132 Quanta Services, Inc. $PWR

Key Points

• Cooper Financial Group acquired 1,132 shares of Quanta Services, Inc. valued at approximately $428,000 in the second quarter.
• Analysts have given Quanta Services a consensus rating of "Moderate Buy" with an average price target of $404.27, with recent upgrades from various firms such as UBS Group and JPMorgan Chase & Co.
• Quanta Services declared a quarterly dividend of $0.10, representing a 0.1% yield, with investors of record to be paid on October 10th.

Cooper Financial Group acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,132 shares of the construction company's stock, valued at approximately $428,000.

Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services in the 1st quarter worth about $25,000. WPG Advisers LLC bought a new stake in shares of Quanta Services during the first quarter valued at approximately $31,000. AlphaQuest LLC bought a new stake in shares of Quanta Services during the first quarter valued at approximately $35,000. Zions Bancorporation National Association UT bought a new stake in Quanta Services during the 1st quarter valued at $40,000. Finally, OLD Second National Bank of Aurora bought a new stake in shares of Quanta Services in the first quarter valued at about $42,000. Institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group boosted their price target on shares of Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a report on Friday, July 25th. DA Davidson boosted their price target on Quanta Services from $305.00 to $395.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. BMO Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $352.00 to $400.00 in a report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $345.00 to $392.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Seaport Res Ptn upgraded shares of Quanta Services to a "hold" rating in a research note on Thursday, July 10th. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and a consensus price target of $404.27.

Quanta Services Stock Up 0.0%

NYSE:PWR opened at $420.71 on Friday. The company's fifty day moving average price is $389.67 and its 200-day moving average price is $348.44. The firm has a market capitalization of $62.69 billion, a P/E ratio of 65.13, a PEG ratio of 2.50 and a beta of 1.04. 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 $431.24.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the business earned $1.90 earnings per share. The firm's revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be paid 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 yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is currently 6.19%.

About Quanta Services

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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