Quanta Services (NYSE:PWR) Sees Revenue Growth Across Key Segments

January 29, 2025 11:55 AM PST | By Team Kalkine Media

Quanta Services (NYSE:PWR) Sees Revenue Growth Across Key Segments — Image source: Shutterstock

Stock Price Sees Upward Movement

Quanta Services (NYSE:PWR) saw an increase in stock price after JPMorgan Chase & Co. raised its price target from 297.00 to 323.00. The stock, which previously closed at 292.43, opened at 311.42 before settling at 296.67. Trading volume reached 476,957 shares, reflecting market activity following the price target revision.

Institutional Firms Adjust Market Positions

Several financial firms modified their positions in Quanta Services. Mackenzie Financial Corp increased its position by 1.6% during the second quarter. Creative Planning expanded its stake by 8.9%, while NewEdge Advisors LLC grew its position by 8.8%. Northwestern Mutual Wealth Management Co. lifted its position by 3.6%, and Sunbelt Securities Inc. expanded its stake by 4.6%. Institutional firms now own 90.49% of the company’s stock, reflecting strong market confidence.

Earnings Performance Reflects Growth

Quanta Services posted earnings per share of 2.72 for the quarter, surpassing analyst expectations of 2.46. The company recorded revenue of 6.49 billion, compared to 6.56 billion projected by analysts. The net margin stood at 3.54%, with a return on equity of 16.71%. Compared to the same period last year, revenue saw a 15.5% increase, indicating steady business expansion.

Dividend Distribution and Stability

The company recently distributed a quarterly dividend of 0.10 per share, paid on January 13th. The ex-dividend date was January 2nd. This marks an increase from the previous quarterly dividend of 0.09 per share. The annualized dividend stands at 0.40, with a yield of 0.14%. The dividend payout ratio is currently 7.38%, highlighting the company’s steady distributions.

Infrastructure Solutions and Market Expansion

Quanta Services provides infrastructure solutions across multiple industries, including electric and gas utilities, renewable energy, communications, and pipeline services. The Electric Power Infrastructure Solutions segment focuses on the design, construction, and maintenance of electric power transmission and distribution networks. The company also engages in substation facility upgrades, smart grid technology installations, and industrial wiring solutions for commercial and industrial clients.

Market Position and Industry Presence

Quanta Services continues to strengthen its position in the infrastructure sector. With growing institutional confidence, steady revenue expansion, and ongoing advancements in energy and utility services, the company remains a key player in the industry.

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