HBW Advisory Services LLC Boosts Stock Position in Quanta Services, Inc. $PWR

Key Points

• HBW Advisory Services LLC increased its holdings in Quanta Services, Inc. by 51.8%, purchasing an additional 717 shares, bringing its total ownership to 2,101 shares valued at approximately $794,000.
• Quanta Services reported earnings of $2.48 per share, exceeding expectations and achieving a 21.1% revenue increase year-over-year, with future guidance set between 10.280-10.880 EPS for FY 2025.
• The company announced a quarterly dividend of $0.10 per share, scheduled for payment on October 10th, with a dividend yield of 0.1% and a payout ratio of 6.19%.

HBW Advisory Services LLC boosted its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 51.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,101 shares of the construction company's stock after acquiring an additional 717 shares during the period. HBW Advisory Services LLC's holdings in Quanta Services were worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Pinnacle Wealth Planning Services Inc. boosted its stake in Quanta Services by 3.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company's stock worth $242,000 after purchasing an additional 32 shares in the last quarter. Frank Rimerman Advisors LLC boosted its stake in Quanta Services by 1.1% in the 1st quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company's stock worth $792,000 after purchasing an additional 34 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its stake in Quanta Services by 3.4% in the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company's stock worth $277,000 after purchasing an additional 36 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Quanta Services by 2.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company's stock worth $365,000 after purchasing an additional 37 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Quanta Services by 15.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 282 shares of the construction company's stock worth $72,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PWR. Truist Financial upped their target price on shares of Quanta Services from $375.00 to $472.00 and gave the company a "buy" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $345.00 to $392.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen cut shares of Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Piper Sandler restated an "overweight" rating and set a $370.00 target price (up previously from $360.00) on shares of Quanta Services in a research note on Tuesday, May 27th. Finally, Seaport Res Ptn upgraded shares of Quanta Services to a "hold" rating in a research note on Thursday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $401.19.

Quanta Services Price Performance

Shares of PWR stock traded down $2.18 on Friday, reaching $388.47. The company's stock had a trading volume of 300,181 shares, compared to its average volume of 1,345,900. The stock's fifty day simple moving average is $387.78 and its 200-day simple moving average is $337.76. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $424.94. 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 company has a market capitalization of $57.89 billion, a price-to-earnings ratio of 60.13, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share 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. Stockholders of record on Wednesday, October 1st will be given 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 is Wednesday, October 1st. Quanta Services's dividend payout ratio (DPR) is 6.19%.

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.