Quanta Services, Inc. (NYSE:PWR) has seen significant growth and success in the construction industry. With their innovative infrastructure solutions, Quanta Services has become a key player in the electric and gas utility, renewable energy, communications, and pipeline and energy sectors.
Under the management of Mcrae Capital Management Inc., Quanta Services has proven to be a lucrative investment. Mcrae reduced its position in Quanta Services by 0.4% in the second quarter, but still holds 101,870 shares of the company. This makes Quanta Services the second largest holding for Mcrae Capital Management Inc., accounting for approximately 5.7% of their total portfolio.
Quanta Services has also attracted the attention of other institutional investors and hedge funds. Kovack Advisors Inc., DAVENPORT & Co LLC, Bank Julius Baer & Co. Ltd Zurich, Sycomore Asset Management, and Cascade Investment Group Inc. have all recently added to or reduced their stakes in the company. These investments demonstrate the industry’s confidence in Quanta Services’ potential for growth.
Analysts have also recognized the value of Quanta Services. According to their reports, the stock has received an average rating of “Moderate Buy” with an average target price of $205.27. The positive ratings and target price upgrades reflect the belief that Quanta Services is well-positioned to capitalize on the changing landscape of the construction industry.
In terms of performance, Quanta Services stock has experienced fluctuations. It is currently trading at $176.67, with a trading volume of 1,427,416 shares. The company has a one-year low of $123.25 and a one-year high of $212.82. Quanta Services has a market cap of $25.65 billion, and a price-to-earnings ratio of 47.72, demonstrating its strong financial standing in the market.
Quanta Services recently reported its earnings results for the quarter, reflecting a slight miss on analysts’ consensus estimates. However, the company still reported strong revenue of $5.05 billion, surpassing the consensus estimate of $4.69 billion. With a return on equity of 15.48% and a net margin of 3.16%, Quanta Services continues to show promise in its ability to generate profits.
Moreover, Quanta Services has declared a quarterly dividend, with a payment date of Friday, October 13th. Stockholders of record on Monday, October 2nd will receive a dividend of $0.08 per share. This dividend payout ratio of 8.16% further demonstrates Quanta Services’ commitment to providing value to its shareholders.
As Quanta Services continues to expand its reach in the construction industry, its focus on delivering infrastructure solutions for the changing world remains steadfast. With a strong portfolio of projects, innovative technologies, and a solid track record, Quanta Services is well-poised to thrive in an evolving market.
Q: What is Quanta Services?
A: Quanta Services provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries.
Q: Who are the key stakeholders in Quanta Services?
A: Mcrae Capital Management Inc. is the second largest stakeholder in Quanta Services, owning approximately 5.7% of the company’s stock.
Q: How has Quanta Services performed in the stock market?
A: Quanta Services’ stock has experienced fluctuations, with a one-year low of $123.25 and a one-year high of $212.82. The company currently has a market cap of $25.65 billion.
Q: What are analysts’ ratings and target price for Quanta Services?
A: Analysts have given Quanta Services an average rating of “Moderate Buy” with an average target price of $205.27.
Q: Has Quanta Services announced any dividends?
A: Quanta Services has declared a quarterly dividend of $0.08 per share, with a payment date of Friday, October 13th.