Compound Planning Inc. Takes Position in Quanta Services, Inc. $PWR

Key Points

• Compound Planning Inc. acquired a new stake in Quanta Services, Inc. valued at approximately $262,000, indicating growing institutional interest in the construction company.
• Several hedge funds, including Norinchukin Bank and Candriam S.C.A., significantly increased their holdings in Quanta Services during the first quarter, highlighting strong institutional backing.
• Analysts have generally positive views on Quanta Services, with a consensus rating of "Moderate Buy" and price targets ranging from $370 to $492, reflecting expected growth in earnings and performance.

Compound Planning Inc. acquired a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,031 shares of the construction company's stock, valued at approximately $262,000.

Several other hedge funds have also modified their holdings of the stock. Gould Capital LLC acquired a new stake in shares of Quanta Services in the first quarter valued at $955,000. Norinchukin Bank The raised its stake in Quanta Services by 12.9% in the first quarter. Norinchukin Bank The now owns 6,629 shares of the construction company's stock valued at $1,685,000 after buying an additional 757 shares in the last quarter. CW Advisors LLC raised its stake in Quanta Services by 29.5% in the first quarter. CW Advisors LLC now owns 2,829 shares of the construction company's stock valued at $727,000 after buying an additional 644 shares in the last quarter. Candriam S.C.A. raised its stake in Quanta Services by 33.9% in the first quarter. Candriam S.C.A. now owns 53,025 shares of the construction company's stock valued at $13,478,000 after buying an additional 13,416 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in Quanta Services by 15.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,045 shares of the construction company's stock valued at $266,000 after buying an additional 142 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of analyst reports. Evercore ISI raised their price target on Quanta Services from $360.00 to $410.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Wall Street Zen raised Quanta Services from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Northland Capmk lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Citigroup raised their price objective on Quanta Services from $432.00 to $492.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $370.00 price objective (up previously from $360.00) on shares of Quanta Services in a report on Tuesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $392.45.

Quanta Services Stock Performance

NYSE PWR opened at $382.29 on Thursday. 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, Inc. has a 52-week low of $227.08 and a 52-week high of $424.94. The business's 50-day moving average price is $386.50 and its 200 day moving average price is $326.61. The firm has a market cap of $56.97 billion, a P/E ratio of 59.18, a P/E/G ratio of 2.28 and a beta of 1.10.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the company posted $1.90 earnings per share. The business'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. On average, equities research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current 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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