Creekmur Asset Management LLC Buys 980 Shares of Quanta Services, Inc. $PWR

Creekmur Asset Management LLC boosted its position in Quanta Services, Inc. (NYSE:PWR) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,030 shares of the construction company’s stock after purchasing an additional 980 shares during the period. Quanta Services comprises 0.5% of Creekmur Asset Management LLC’s portfolio, making the stock its 27th biggest holding. Creekmur Asset Management LLC’s holdings in Quanta Services were worth $3,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Quanta Services by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after purchasing an additional 407,878 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Quanta Services during the second quarter valued at approximately $650,960,000. Nuveen LLC bought a new stake in Quanta Services during the first quarter valued at approximately $404,288,000. Northern Trust Corp grew 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 buying an additional 56,081 shares during the period. Finally, Amundi grew its position in Quanta Services by 188.3% during the first quarter. Amundi now owns 1,206,577 shares of the construction company’s stock valued at $304,139,000 after buying an additional 788,079 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Up 1.0%

Shares of PWR opened at $453.20 on Friday. The business’s 50 day moving average is $406.70 and its 200 day moving average is $373.13. The company has a market capitalization of $67.53 billion, a PE ratio of 70.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $460.86. 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) last issued its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.09. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the company earned $2.72 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were given a dividend of $0.10 per share. The ex-dividend date 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 currently 6.19%.

Analyst Ratings Changes

PWR has been the subject of several recent research reports. Mizuho set a $415.00 target price on shares of Quanta Services in a research report on Tuesday. Stifel Nicolaus boosted their target price on shares of Quanta Services from $432.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Sanford C. Bernstein lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 target price for the company. in a research report on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a research report on Wednesday, October 8th. Finally, Truist Financial upped their price target on shares of Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $414.09.

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.