Signal Advisors Wealth LLC Boosts Stock Position in Quanta Services, Inc. $PWR

Key Points

• Signal Advisors Wealth LLC increased its stake in Quanta Services by 8.0%, owning 19,472 shares valued at approximately $7.36 million after acquiring 1,436 additional shares in the second quarter.
• Several institutional investors, including Sarasin & Partners LLP and Radnor Capital Management LLC, have also raised their stakes in Quanta Services, contributing to 90.49% institutional ownership of the stock.
• Quanta Services reported a quarterly earnings per share (EPS) of $2.48, exceeding the analyst estimate of $2.44, and set guidance for FY 2025 EPS between 10.280 and 10.880.

Signal Advisors Wealth LLC raised its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,472 shares of the construction company's stock after purchasing an additional 1,436 shares during the quarter. Signal Advisors Wealth LLC's holdings in Quanta Services were worth $7,362,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new position in shares of Quanta Services in the first quarter valued at about $25,000. WPG Advisers LLC acquired a new position in Quanta Services in the 1st quarter worth approximately $31,000. Webster Bank N. A. increased its holdings in Quanta Services by 57.8% in the 2nd quarter. Webster Bank N. A. now owns 131 shares of the construction company's stock worth $50,000 after buying an additional 48 shares during the period. AlphaQuest LLC acquired a new position in Quanta Services in the 1st quarter worth approximately $35,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Quanta Services in the first quarter worth $40,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Trading Down 0.3%

Shares of PWR stock traded down $1.31 on Friday, hitting $389.34. 1,493,178 shares of the stock traded hands, compared to its average volume of 825,678. The firm's 50-day moving average price is $387.90 and its two-hundred day moving average price is $339.32. 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 stock has a market capitalization of $58.01 billion, a PE ratio of 60.27, a PEG ratio of 2.31 and a beta of 1.01. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $424.94.

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

Quanta Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PWR. Wall Street Zen downgraded Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. TD Cowen raised their target price on Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Stifel Nicolaus raised their target price on Quanta Services from $411.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Northland Capmk lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Finally, Mizuho started coverage on shares of Quanta Services in a research note on Thursday, September 4th. They set a "neutral" rating and a $360.00 price objective on the stock. Twelve research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $401.19.

About Quanta Services

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.