Signaturefd LLC Increases Stock Holdings in Quanta Services, Inc. $PWR

Key Points

• Signaturefd LLC increased its stake in Quanta Services by 23.3% in Q2, bringing its total holdings to 3,811 shares valued at approximately $1.44 million.
• Quanta Services reported earnings per share of $2.48 for the recent quarter, exceeding analyst estimates, with revenue reaching $6.77 billion—a 21.1% year-over-year increase.
• The company also announced a quarterly dividend of $0.10 per share, contributing to an annual yield of 0.1% for shareholders.

Signaturefd LLC grew its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 23.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,811 shares of the construction company's stock after buying an additional 720 shares during the period. Signaturefd LLC's holdings in Quanta Services were worth $1,441,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new stake in Quanta Services in the first quarter valued at $25,000. WPG Advisers LLC acquired a new stake in shares of Quanta Services during the first quarter worth about $31,000. AlphaQuest LLC purchased a new position in Quanta Services during the 1st quarter worth approximately $35,000. Zions Bancorporation National Association UT purchased a new position in Quanta Services during the 1st quarter worth approximately $40,000. Finally, OLD Second National Bank of Aurora purchased a new position in Quanta Services during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of PWR stock opened at $406.00 on Monday. The company has a market cap of $60.50 billion, a price-to-earnings ratio of 62.85, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01. The stock has a 50 day simple moving average of $388.49 and a 200-day simple moving average of $345.37. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month 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.

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

Quanta Services Announces Dividend

The business also recently announced 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 of this dividend is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is 6.19%.

Analyst Upgrades and Downgrades

PWR has been the subject of several research analyst reports. DA Davidson increased their price objective on Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Mizuho assumed coverage on shares of Quanta Services in a research note on Thursday, September 4th. They issued a "neutral" rating and a $360.00 price objective on the stock. Wall Street Zen lowered shares of Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Evercore ISI raised their price target on Quanta Services from $360.00 to $410.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Daiwa America cut Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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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