Compass Ion Advisors LLC Invests $290,000 in Quanta Services, Inc. $PWR

Key Points

• Compass Ion Advisors LLC has acquired a new position in Quanta Services, Inc., purchasing 768 shares valued at approximately $290,000 in the 2nd quarter.
• Quanta Services reported a quarterly earnings per share (EPS) of $2.48, exceeding analysts' expectations of $2.44, alongside a revenue of $6.77 billion, a year-over-year increase of 21.1%.
• The company has announced a quarterly dividend of $0.10 per share, reflecting a dividend yield of 0.1%, with the payment scheduled for October 10th.

Compass Ion Advisors LLC purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 768 shares of the construction company's stock, valued at approximately $290,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in Quanta Services in the fourth quarter valued at $298,000. Vident Advisory LLC raised its stake in Quanta Services by 10.2% during the 4th quarter. Vident Advisory LLC now owns 3,385 shares of the construction company's stock valued at $1,070,000 after acquiring an additional 312 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Quanta Services in the 4th quarter worth $2,802,000. Waverly Advisors LLC acquired a new stake in Quanta Services during the fourth quarter valued at $345,000. Finally, Vise Technologies Inc. lifted its position in shares of Quanta Services by 98.6% during the 4th quarter. Vise Technologies Inc. now owns 2,270 shares of the construction company's stock worth $718,000 after purchasing an additional 1,127 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PWR. Seaport Res Ptn upgraded shares of Quanta Services to a "hold" rating in a research note on Thursday, July 10th. Roth Capital reiterated a "buy" rating and issued a $450.00 price target (up from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. DA Davidson boosted their price target on shares of Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Truist Financial upped their price objective on shares of Quanta Services from $375.00 to $472.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Finally, UBS Group increased their target price on shares of Quanta Services from $413.00 to $474.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Twelve equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $401.19.

Quanta Services Stock Down 0.3%

Shares of NYSE:PWR traded down $1.31 during midday trading on Friday, reaching $389.34. The company had a trading volume of 1,493,178 shares, compared to its average volume of 848,449. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $424.94. The stock has a market capitalization of $58.02 billion, a P/E ratio of 60.27, a PEG ratio of 2.31 and a beta of 1.01. 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's fifty day moving average price is $387.90 and its 200-day moving average price is $340.01.

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

Quanta Services Announces Dividend

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

Quanta Services 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.