Duncker Streett & Co. Inc. Grows Stock Holdings in Quanta Services, Inc. $PWR

Key Points

• Duncker Streett & Co. Inc. increased its holdings in Quanta Services, Inc. by 78.2% during Q2, now owning 15,589 shares worth approximately $5.89 million.
• Quanta Services reported Q2 earnings of $2.48 per share, exceeding estimates, with revenue reaching $6.77 billion, up 21.1% year-over-year.
• The company also declared a quarterly dividend of $0.10 per share, reflecting a 0.1% dividend yield with a payout ratio of 6.19%.

Duncker Streett & Co. Inc. raised its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 78.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,589 shares of the construction company's stock after acquiring an additional 6,840 shares during the period. Quanta Services makes up about 1.1% of Duncker Streett & Co. Inc.'s investment portfolio, making the stock its 26th largest position. Duncker Streett & Co. Inc.'s holdings in Quanta Services were worth $5,894,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PWR. Cullen Frost Bankers Inc. bought a new position in shares of Quanta Services in the first quarter worth about $25,000. Copia Wealth Management lifted its position in shares of Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company's stock valued at $25,000 after buying an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company's stock valued at $26,000 after buying an additional 43 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of Quanta Services in the 1st quarter valued at approximately $31,000. Finally, Ameriflex Group Inc. raised its position in shares of Quanta Services by 93.0% in the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company's stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Trading Up 0.7%

Shares of PWR stock opened at $433.93 on Wednesday. The stock's fifty day moving average is $393.46 and its two-hundred day moving average is $358.02. 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 firm has a market capitalization of $64.66 billion, a P/E ratio of 67.17, a PEG ratio of 2.55 and a beta of 1.04. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week 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 for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm's revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 EPS. 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 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were issued 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 currently 6.19%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PWR shares. Mizuho started coverage on shares of Quanta Services in a report on Thursday, September 4th. They issued a "neutral" rating and a $360.00 price target on the stock. TD Cowen increased their price target on shares of Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Daiwa America downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a research note on Thursday, July 10th. Finally, Evercore ISI raised their price objective on shares of Quanta Services from $360.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $408.45.

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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