NTV Asset Management LLC Purchases Shares of 700 Quanta Services, Inc. $PWR

Key Points

• NTV Asset Management LLC has acquired 700 shares of Quanta Services, Inc., valued at approximately $265,000, in the second quarter, indicating investor confidence in the company's prospects.
• Quanta Services reported $2.48 EPS for the latest quarter, exceeding expectations, with revenue climbing 21.1% year-over-year to $6.77 billion.
• The company has announced a $0.10 quarterly dividend, reflecting a modest annual yield of 0.1% and a low payout ratio of 6.19%, underscoring its stable financial position.

NTV Asset Management LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 700 shares of the construction company's stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services during the 1st quarter worth about $25,000. SOA Wealth Advisors LLC. increased its holdings 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 worth $26,000 after purchasing an additional 43 shares during the period. WPG Advisers LLC acquired a new stake in shares of Quanta Services in the first quarter valued at approximately $31,000. Ameriflex Group Inc. grew its position in Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company's stock worth $32,000 after buying an additional 40 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in Quanta Services during the 1st quarter worth $35,000. Institutional investors own 90.49% of the company's stock.

Quanta Services Price Performance

Quanta Services stock opened at $421.88 on Friday. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $431.24. The business has a fifty day moving average price of $389.67 and a 200-day moving average price of $350.08. 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 firm has a market capitalization of $62.86 billion, a P/E ratio of 65.31, a PEG ratio of 2.50 and a beta of 1.04.

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

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders 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 dividend yield of 0.1%. Quanta Services's dividend payout ratio is 6.19%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PWR. Wall Street Zen cut shares of Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Roth Capital reiterated a "buy" rating and issued a $450.00 target price (up from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. Mizuho assumed coverage on shares of Quanta Services in a report on Thursday, September 4th. They set a "neutral" rating and a $360.00 price target on the stock. Sanford C. Bernstein cut Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 target price on the stock. in a report on Monday, July 28th. Finally, Truist Financial increased their price target on Quanta Services from $375.00 to $472.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $404.27.

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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