VCI Wealth Management LLC Increases Stock Position in Quanta Services, Inc. $PWR

VCI Wealth Management LLC lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,938 shares of the construction company’s stock after buying an additional 126 shares during the quarter. VCI Wealth Management LLC’s holdings in Quanta Services were worth $1,867,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Cullen Frost Bankers Inc. bought a new stake in Quanta Services during the 1st quarter worth approximately $25,000. Copia Wealth Management increased its holdings in Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after acquiring an additional 56 shares during the period. SOA Wealth Advisors LLC. increased its holdings in Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after acquiring an additional 43 shares during the period. WPG Advisers LLC bought a new stake in Quanta Services during the 1st quarter worth approximately $31,000. Finally, Ameriflex Group Inc. increased its holdings in Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on PWR. Citigroup upped their target price on shares of Quanta Services from $490.00 to $517.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson upped their target price on shares of Quanta Services from $305.00 to $395.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $395.00 to $436.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Northland Securities lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 target price on the stock. in a report on Wednesday, July 2nd. Finally, UBS Group increased their price target on shares of Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $411.59.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $441.41 on Tuesday. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $446.60. The firm has a market capitalization of $65.77 billion, a price-to-earnings ratio of 68.33, a PEG ratio of 2.57 and a beta of 1.04. The company’s fifty day moving average price is $397.58 and its 200-day moving average price is $363.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the company earned $1.90 EPS. The firm’s 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. On average, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was 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%.

Quanta Services Company 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.