Biltmore Family Office LLC Makes New $264,000 Investment in Quanta Services, Inc. $PWR

Biltmore Family Office LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 699 shares of the construction company’s stock, valued at approximately $264,000.

Other large investors have also modified their holdings of the company. Copia Wealth Management grew its stake in shares of Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after buying an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. grew its stake in Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after purchasing an additional 43 shares in the last quarter. Solstein Capital LLC grew its stake in Quanta Services by 185.7% during the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares in the last quarter. Ameriflex Group Inc. grew its stake in Quanta Services by 93.0% during 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 in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in Quanta Services during the 1st quarter valued at approximately $25,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Down 0.7%

Shares of NYSE PWR opened at $438.74 on Wednesday. The company has a market cap of $65.38 billion, a price-to-earnings ratio of 67.92, a price-to-earnings-growth ratio of 2.62 and a beta of 1.04. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $447.17. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $403.72 and its 200 day simple moving average is $371.31.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is currently 6.19%.

Wall Street Analyst Weigh In

PWR has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded Quanta Services to a “hold” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their price objective on Quanta Services from $395.00 to $436.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. TD Cowen raised their price objective on Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Truist Financial raised their price objective on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Fourteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus 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.