Callan Family Office LLC Buys 1,447 Shares of Quanta Services, Inc. $PWR

Key Points

• Callan Family Office LLC significantly increased its holdings in Quanta Services, acquiring an additional 1,447 shares and bringing its total to 2,957 shares, valued at approximately $1,118,000.
• Quanta Services has received mixed ratings from analysts, with fourteen giving it a Buy rating and others downgrading it to a Hold, indicating varied confidence in its stock performance.
• The company recently reported earnings per share (EPS) of $2.48, surpassing estimates, alongside a revenue of $6.77 billion for the quarter, reflecting a 21.1% year-over-year growth.

Callan Family Office LLC lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 95.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,957 shares of the construction company's stock after acquiring an additional 1,447 shares during the period. Callan Family Office LLC's holdings in Quanta Services were worth $1,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PWR. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services during the first quarter worth about $25,000. SOA Wealth Advisors LLC. boosted its stake in Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company's stock valued at $26,000 after acquiring an additional 43 shares during the last quarter. WPG Advisers LLC purchased a new position in Quanta Services in the first quarter valued at about $31,000. Ameriflex Group Inc. boosted its stake in Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company's stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in Quanta Services in the first quarter valued at about $35,000. 90.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PWR shares. Northland Capmk cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 2nd. TD Cowen upped their price target on shares of Quanta Services from $355.00 to $425.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. BMO Capital Markets cut shares of Quanta Services from an "outperform" rating to a "market perform" rating and upped their price target for the company from $352.00 to $400.00 in a research note on Thursday, July 17th. Roth Capital restated a "buy" rating and set a $450.00 price target (up from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. Finally, UBS Group upped their price target on shares of Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $408.45.

Quanta Services Stock Performance

NYSE PWR opened at $417.15 on Monday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $443.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The stock has a market capitalization of $62.16 billion, a PE ratio of 64.57, a P/E/G ratio of 2.47 and a beta of 1.04. The company's 50 day simple moving average is $391.79 and its two-hundred day simple moving average is $356.25.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's dividend payout ratio 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.

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