Exencial Wealth Advisors LLC Makes New Investment in Quanta Services, Inc. $PWR

Key Points

• Exencial Wealth Advisors LLC has acquired a new position in Quanta Services, purchasing 708 shares valued at approximately $268,000 in the second quarter, as reported in their 13F filing with the SEC.
• Quanta Services reported earnings per share (EPS) of $2.48 for the most recent quarter, surpassing expectations, with revenue increasing by 21.1% year-over-year to $6.77 billion.
• Multiple analysts have upgraded their ratings and price targets for Quanta Services, with an average target price of $411.59, indicating a favorable outlook for the stock.

Exencial Wealth Advisors LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 708 shares of the construction company's stock, valued at approximately $268,000.

Several other hedge funds have also recently added to or reduced their stakes in PWR. Brighton Jones LLC bought a new position in Quanta Services during the 4th quarter worth approximately $298,000. Golden State Wealth Management LLC increased its stake in shares of Quanta Services by 123.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,246 shares of the construction company's stock valued at $317,000 after acquiring an additional 689 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Quanta Services by 1,068.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 65,781 shares of the construction company's stock valued at $16,720,000 after acquiring an additional 60,151 shares in the last quarter. Western Wealth Management LLC increased its stake in shares of Quanta Services by 4.0% in the 1st quarter. Western Wealth Management LLC now owns 1,786 shares of the construction company's stock valued at $454,000 after acquiring an additional 68 shares in the last quarter. Finally, Balefire LLC increased its stake in shares of Quanta Services by 62.0% in the 1st quarter. Balefire LLC now owns 1,395 shares of the construction company's stock valued at $355,000 after acquiring an additional 534 shares in the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

NYSE PWR opened at $441.09 on Friday. The company has a fifty day simple moving average of $401.36 and a 200 day simple moving average of $367.34. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $447.17. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a market cap of $65.73 billion, a P/E ratio of 68.28, a PEG ratio of 2.53 and a beta of 1.04.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results 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. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the firm posted $1.90 EPS. Quanta Services'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 predict 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 was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 1st. Quanta Services's payout ratio is currently 6.19%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PWR shares. JPMorgan Chase & Co. lifted their price objective on shares of Quanta Services from $395.00 to $436.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Jefferies Financial Group upgraded shares of Quanta Services from a "hold" rating to a "buy" rating and lifted their price objective for the company from $398.00 to $469.00 in a research note on Wednesday, September 24th. TD Cowen lifted their price objective 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. Northland Securities lowered shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective for the company. in a research note on Wednesday, July 2nd. Finally, Sanford C. Bernstein lowered shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price objective for the company. in a research note on Monday, July 28th. Fourteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $411.59.

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.

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