EP Wealth Advisors LLC Acquires 1,731 Shares of Quanta Services, Inc. $PWR

Key Points

• EP Wealth Advisors LLC increased its stake in Quanta Services, Inc. by 23.5%, owning a total of 9,086 shares valued at $2,309,000 as of the latest SEC filing.
• Various institutional investors have also made investments in Quanta Services, with a significant percentage of the stock, around 90.49%, owned by hedge funds and other institutional investors.
• Quanta Services recently reported $2.48 earnings per share for the last quarter, exceeding the consensus estimate of $2.44, and projects FY 2025 earnings per share between $10.280 and $10.880.

EP Wealth Advisors LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 23.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,086 shares of the construction company's stock after acquiring an additional 1,731 shares during the period. EP Wealth Advisors LLC's holdings in Quanta Services were worth $2,309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Focus Partners Advisor Solutions LLC bought a new position in shares of Quanta Services during the 1st quarter valued at approximately $260,000. Flputnam Investment Management Co. boosted its holdings in Quanta Services by 4.0% in the 1st quarter. Flputnam Investment Management Co. now owns 2,779 shares of the construction company's stock worth $706,000 after buying an additional 106 shares during the period. Graham Capital Management L.P. bought a new position in Quanta Services in the 1st quarter worth approximately $1,459,000. Energy Income Partners LLC boosted its holdings in Quanta Services by 4.0% in the 1st quarter. Energy Income Partners LLC now owns 308,855 shares of the construction company's stock worth $78,505,000 after buying an additional 11,754 shares during the period. Finally, Alamea Verwaltungs GmbH bought a new position in Quanta Services in the 1st quarter worth approximately $449,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Price Performance

Shares of NYSE PWR traded down $3.53 during mid-day trading on Friday, reaching $372.56. 1,128,430 shares of the company were exchanged, compared to its average volume of 846,491. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week 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. The stock has a market capitalization of $55.52 billion, a PE ratio of 57.67, a PEG ratio of 2.21 and a beta of 1.01. The company's 50 day moving average price is $387.38 and its 200 day moving average price is $330.88.

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, topping analysts' consensus estimates 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 the consensus estimate of $6.55 billion. During the same period in the previous year, the firm posted $1.90 EPS. The firm's revenue was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal 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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Quanta Services's payout ratio is currently 6.19%.

Wall Street Analysts Forecast Growth

PWR has been the subject of several analyst reports. Mizuho initiated coverage on shares of Quanta Services in a report on Thursday. They issued a "neutral" rating and a $360.00 price objective for the company. Citigroup raised their price target on shares of Quanta Services from $432.00 to $492.00 and gave the company a "buy" rating in a report on Monday, July 28th. Piper Sandler reissued an "overweight" rating and issued a $370.00 price target (up from $360.00) on shares of Quanta Services in a report on Tuesday, May 27th. Truist Financial raised their price target on shares of Quanta Services from $375.00 to $472.00 and gave the company a "buy" rating in a report on Monday, August 4th. Finally, UBS Group raised their price target on shares of Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $397.18.

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.