2,157 Shares in Quanta Services, Inc. $PWR Bought by GM Advisory Group LLC

Key Points

• GM Advisory Group LLC acquired 2,157 shares of Quanta Services, valued at approximately $548,000, indicating growing institutional interest in the company.
• Quanta Services reported earnings per share of $2.48 for the last quarter, exceeding analysts' expectations and showing a 21.1% increase in revenue year-over-year.
• Analyst ratings show a consensus of 13 buy and 12 hold ratings, with a price target range suggesting ongoing confidence in the stock's performance.

GM Advisory Group LLC acquired a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,157 shares of the construction company's stock, valued at approximately $548,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SCP Investment LP bought a new position in Quanta Services in the first quarter worth about $966,000. Brighton Jones LLC bought a new position in shares of Quanta Services during the fourth quarter worth about $298,000. Wealth Enhancement Advisory Services LLC boosted its stake in Quanta Services by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock valued at $17,480,000 after purchasing an additional 2,479 shares during the period. Farther Finance Advisors LLC grew its position in Quanta Services by 60.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company's stock worth $404,000 after purchasing an additional 588 shares during the last quarter. Finally, Objectivity Squared LLC acquired a new stake in shares of Quanta Services in the first quarter valued at approximately $213,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PWR has been the topic of several analyst reports. Daiwa America cut Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Roth Capital restated a "buy" rating and set a $450.00 price objective (up from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. The Goldman Sachs Group reiterated a "buy" rating and issued a $414.00 target price (up previously from $364.00) on shares of Quanta Services in a research report on Wednesday, June 4th. B. Riley raised their target price on shares of Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Sanford C. Bernstein lowered shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a research note on Monday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $392.45.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $375.54 on Thursday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $424.94. 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 has a market cap of $55.96 billion, a PE ratio of 58.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. The company's 50-day moving average price is $384.41 and its two-hundred day moving average price is $324.00.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the firm posted $1.90 EPS. The business's revenue for the quarter was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

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.

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