Hilltop National Bank Acquires Shares of 6,898 Quanta Services, Inc. $PWR

Hilltop National Bank acquired a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,898 shares of the construction company's stock, valued at approximately $2,608,000.

Other institutional investors also recently added to or reduced their stakes in the company. Old Port Advisors lifted its position in shares of Quanta Services by 0.7% during the 2nd quarter. Old Port Advisors now owns 3,944 shares of the construction company's stock valued at $1,491,000 after acquiring an additional 26 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Quanta Services by 3.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company's stock valued at $242,000 after acquiring an additional 32 shares during the period. Frank Rimerman Advisors LLC lifted its position in shares of Quanta Services by 1.1% during the 1st quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company's stock valued at $792,000 after acquiring an additional 34 shares during the period. Legacy Capital Wealth Partners LLC lifted its position in shares of Quanta Services by 3.4% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company's stock valued at $277,000 after acquiring an additional 36 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of Quanta Services by 2.6% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company's stock valued at $365,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Trading Up 0.0%

Shares of Quanta Services stock opened at $420.71 on Friday. The business has a 50 day moving average price of $389.67 and a 200 day moving average price of $348.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The company has a market capitalization of $62.69 billion, a P/E ratio of 65.13, a P/E/G ratio of 2.50 and a beta of 1.04. 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 issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.1%. Quanta Services's payout ratio is 6.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PWR. Seaport Res Ptn upgraded shares of Quanta Services to a "hold" rating in a research report on Thursday, July 10th. Roth Capital reiterated a "buy" rating and set a $450.00 price target (up from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. Sanford C. Bernstein downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a research report on Monday, July 28th. Truist Financial lifted their price target on shares of Quanta Services from $375.00 to $472.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Finally, TD Cowen lifted 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. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Quanta Services has an average rating of "Moderate Buy" and a consensus target price of $404.27.

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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