GLOBALT Investments LLC GA Has $599,000 Holdings in Quanta Services, Inc. $PWR

GLOBALT Investments LLC GA trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 12.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,583 shares of the construction company’s stock after selling 218 shares during the period. GLOBALT Investments LLC GA’s holdings in Quanta Services were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in Quanta Services during the 1st quarter worth approximately $25,000. Copia Wealth Management increased its position in shares of Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after acquiring an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after acquiring an additional 43 shares in the last quarter. WPG Advisers LLC acquired a new position in Quanta Services in the 1st quarter worth $31,000. Finally, Ameriflex Group Inc. raised its stake in shares of Quanta Services by 93.0% in the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

PWR has been the subject of a number of research reports. TD Cowen increased their price objective on Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Citigroup increased 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. Seaport Res Ptn upgraded shares of Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Finally, Roth Capital restated a “buy” rating and issued a $450.00 price objective (up previously from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Fourteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $411.59.

Quanta Services Stock Up 3.2%

Shares of PWR opened at $441.09 on Friday. The firm’s 50-day simple moving average is $401.36 and its 200 day simple moving average is $367.34. 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 firm has a market cap of $65.73 billion, a P/E ratio of 68.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $447.17.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.04. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous 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, analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.10 per share. 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 (DPR) is currently 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.