Thurston Springer Miller Herd & Titak Inc. Buys 1,254 Shares of Quanta Services, Inc. $PWR

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Quanta Services by 37.1% during the second quarter, now owning 4,630 shares valued at approximately $1.75 million.
• Quanta Services experienced a 21.1% year-over-year revenue increase for the last quarter, reaching $6.77 billion, while reporting an EPS of $2.48 that exceeded analysts' estimates.
• The company announced a quarterly dividend of $0.10 per share, reflecting an annualized yield of 0.1%, with the payment scheduled for October 10th.

Thurston Springer Miller Herd & Titak Inc. increased its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 37.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,630 shares of the construction company's stock after purchasing an additional 1,254 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Quanta Services were worth $1,750,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Quanta Services by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company's stock valued at $4,427,129,000 after purchasing an additional 407,878 shares during the last quarter. Nuveen LLC acquired a new position in Quanta Services in the first quarter valued at $404,288,000. Northern Trust Corp boosted its position in Quanta Services by 3.8% during the first quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company's stock valued at $392,839,000 after acquiring an additional 56,081 shares during the last quarter. Amundi grew its holdings in Quanta Services by 188.3% during the 1st quarter. Amundi now owns 1,206,577 shares of the construction company's stock worth $304,139,000 after acquiring an additional 788,079 shares during the period. Finally, Swedbank AB raised its position in shares of Quanta Services by 50.5% in the 1st quarter. Swedbank AB now owns 1,197,062 shares of the construction company's stock worth $304,269,000 after acquiring an additional 401,418 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

PWR traded down $2.53 during trading hours on Wednesday, hitting $375.71. The stock had a trading volume of 886,883 shares, compared to its average volume of 1,352,939. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $424.94. The company's fifty day simple moving average is $387.69 and its 200 day simple moving average is $336.52. The stock has a market cap of $55.98 billion, a PE ratio of 58.16, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR - Get Free Report) last posted 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 analyst estimates of $6.55 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. The company's quarterly revenue 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. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The business 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Quanta Services's dividend payout ratio (DPR) is currently 6.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PWR shares. Daiwa America cut Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Wall Street Zen lowered shares of Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. The Goldman Sachs Group reissued a "buy" rating and set a $414.00 target price (up from $364.00) on shares of Quanta Services in a research report on Wednesday, June 4th. Mizuho assumed coverage on shares of Quanta Services in a research report on Thursday, September 4th. They issued a "neutral" rating and a $360.00 price target on the stock. Finally, Seaport Res Ptn raised Quanta Services to a "hold" rating in a report on Thursday, July 10th. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average 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.