Geneos Wealth Management Inc. Increases Position in Quanta Services, Inc. $PWR

Key Points

• Geneos Wealth Management Inc. increased its stake in Quanta Services by 16.0%, owning 4,832 shares valued at $1,228,000 as of the latest reporting period.
• Quanta Services reported $2.48 earnings per share (EPS) for the last quarter, surpassing estimates, with a revenue increase of 21.1% year-over-year.
• The company announced a quarterly dividend of $0.10, representing an annual yield of 0.1%, to be paid to shareholders on October 10th.

Geneos Wealth Management Inc. raised its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 16.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,832 shares of the construction company's stock after purchasing an additional 665 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Quanta Services were worth $1,228,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PWR. Cullen Frost Bankers Inc. acquired a new position in Quanta Services in the first quarter valued at $25,000. WPG Advisers LLC acquired a new position in shares of Quanta Services during the first quarter worth about $31,000. AlphaQuest LLC acquired a new position in shares of Quanta Services during the first quarter worth about $35,000. Zions Bancorporation National Association UT acquired a new position in shares of Quanta Services during the first quarter worth about $40,000. Finally, OLD Second National Bank of Aurora acquired a new position in shares of Quanta Services during the first quarter worth about $42,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of NYSE PWR traded up $3.37 on Monday, hitting $385.90. The company's stock had a trading volume of 774,858 shares, compared to its average volume of 807,221. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $424.94. The company has a market capitalization of $57.50 billion, a price-to-earnings ratio of 59.74, a price-to-earnings-growth ratio of 2.27 and a beta of 1.01. 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 stock has a 50 day moving average of $387.68 and a 200-day moving average of $336.23.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (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 the consensus estimate of $6.55 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current 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. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Quanta Services's dividend payout ratio is 6.19%.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Quanta Services from $432.00 to $492.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Stifel Nicolaus boosted their price target on shares of Quanta Services from $411.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. The Goldman Sachs Group reiterated a "buy" rating and set a $414.00 price target (up from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a report on Thursday, July 10th. Finally, Northland Securities downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective on the stock. in a report on Wednesday, July 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $397.18.

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.