Bouvel Investment Partners LLC Takes $2.80 Million Position in Quanta Services, Inc. $PWR

Key Points

• Bouvel Investment Partners LLC acquired 7,415 shares of Quanta Services, valued at approximately $2.8 million, during the second quarter.
• Quanta Services reported a quarterly earnings per share (EPS) of $2.48, exceeding estimates, and indicated a revenue of $6.77 billion, a 21.1% increase year-over-year.
• The company announced a quarterly dividend of $0.10 per share, with payment scheduled for October 10th, contributing to an annualized dividend yield of 0.1%.

Bouvel Investment Partners LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,415 shares of the construction company's stock, valued at approximately $2,803,000.

Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services during the 1st quarter worth approximately $25,000. WPG Advisers LLC acquired a new stake in Quanta Services in the first quarter valued at approximately $31,000. AlphaQuest LLC acquired a new stake in Quanta Services in the first quarter valued at approximately $35,000. Zions Bancorporation National Association UT acquired a new stake in Quanta Services in the first quarter valued at approximately $40,000. Finally, OLD Second National Bank of Aurora acquired a new stake in Quanta Services in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of recent research reports. DA Davidson lifted their price target on shares of Quanta Services from $305.00 to $395.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Mizuho assumed coverage on shares of Quanta Services in a research note on Thursday, September 4th. They issued a "neutral" rating and a $360.00 price target for the company. Northland Securities downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 target price for the company. in a research report on Wednesday, July 2nd. Seaport Res Ptn raised shares of Quanta Services to a "hold" rating in a research report on Thursday, July 10th. Finally, Daiwa America cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Twelve research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $401.19.

Quanta Services Stock Down 1.8%

NYSE:PWR traded down $7.06 during mid-day trading on Tuesday, reaching $388.96. The company's stock had a trading volume of 410,295 shares, compared to its average volume of 1,344,343. The firm has a market capitalization of $57.96 billion, a PE ratio of 60.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. The stock has a fifty day moving average of $388.08 and a 200-day moving average of $341.07. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $424.94. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59.

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 (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services's dividend payout ratio (DPR) is presently 6.19%.

Quanta Services Company Profile

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.