U.S. Capital Wealth Advisors LLC has significantly increased its holdings in Quanta Services, Inc., a leading construction company. According to its recent filing with the Securities & Exchange Commission, U.S. Capital Wealth Advisors LLC raised its holdings in Quanta Services by 23.9% during the 2nd quarter, purchasing an additional 1,383 shares. With this increase, U.S. Capital Wealth Advisors LLC now owns a total of 7,171 shares of Quanta Services, worth $1,409,000.
Other institutional investors have also shown interest in Quanta Services, with several buying and selling shares of the company. This reflects a growing confidence in Quanta Services and its potential for growth in the construction industry.
Quanta Services, Inc. has been making strides in the market, with its stock trading up 1.4%. The company has a market capitalization of $24.26 billion, and a PE ratio of 42.61, demonstrating its strong financial performance. Quanta Services has a diverse range of clients in industries such as electric and gas utility, renewable energy, communications, and pipeline and energy sectors, making it well-positioned for future success.
In terms of financials, Quanta Services reported earnings of $1.47 per share for the most recent quarter, slightly below analysts’ estimates. However, the company generated $5.05 billion in revenue, surpassing expectations. These results showcase the company’s ability to generate significant revenue and its resilience in the current market.
Additionally, Quanta Services recently announced a quarterly dividend. Shareholders of record on Monday, October 2nd received a dividend of $0.08 per share. This indicates the company’s commitment to providing value to its shareholders.
Furthermore, recent insider activity at Quanta Services reveals the confidence of its executives in the company’s future. EVP Donald Wayne sold 5,000 shares of the company’s stock, indicating strong belief in the company’s current performance and long-term prospects.
Wall Street analysts have also weighed in on Quanta Services, with many giving the stock a positive rating. Credit Suisse Group and UBS Group raised their target prices for Quanta Services, reflecting their optimism about the company’s potential.
Quanta Services, Inc. is a major player in the construction industry, providing essential infrastructure solutions for various sectors. Its Electric Power Infrastructure Solutions segment specializes in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities. The company’s expertise extends to the installation, maintenance, and upgrade of electric power infrastructure projects, as well as the installation of smart grid technologies.
As the demand for reliable and sustainable infrastructure continues to grow, Quanta Services is well-positioned to capitalize on these opportunities and deliver value to its shareholders. With a strong financial performance and positive outlook, investing in Quanta Services represents an attractive opportunity for investors seeking exposure to the construction industry.
FAQs
What is Quanta Services?
Quanta Services, Inc. is a construction company that provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide.
What is Quanta Services’ stock trading at?
As of the latest update, Quanta Services’ stock is trading at $167.05.
What is the market capitalization of Quanta Services?
Quanta Services has a market capitalization of $24.26 billion.
What is the dividend payout ratio for Quanta Services?
Quanta Services’ dividend payout ratio is currently 8.16%.
What is the consensus target price for Quanta Services?
According to data from MarketBeat, the consensus target price for Quanta Services is $205.27.