Flywheel Private Wealth LLC Has $9.45 Million Holdings in Quanta Services, Inc. $PWR

Key Points

• Flywheel Private Wealth LLC significantly increased its stake in Quanta Services, Inc. by 435.0% in Q2, now holding 24,995 shares valued at approximately $9.45 million.
• Quanta Services reported a quarterly EPS of $2.48, exceeding analysts' expectations, with revenues of $6.77 billion, indicating a 21.1% year-over-year growth.
• The company has announced a quarterly dividend of $0.10 per share, reflecting an annualized yield of 0.1%, with the payment scheduled for October 10th.

Flywheel Private Wealth LLC raised its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 435.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,995 shares of the construction company's stock after purchasing an additional 20,323 shares during the quarter. Quanta Services accounts for approximately 7.6% of Flywheel Private Wealth LLC's holdings, making the stock its 3rd biggest position. Flywheel Private Wealth LLC's holdings in Quanta Services were worth $9,450,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PWR. Kingstone Capital Partners Texas LLC bought a new stake in shares of Quanta Services during the 2nd quarter valued at about $650,960,000. Nuveen LLC bought a new stake in shares of Quanta Services during the 1st quarter valued at about $404,288,000. GAMMA Investing LLC grew its stake in shares of Quanta Services by 22,475.0% during the 1st quarter. GAMMA Investing LLC now owns 815,409 shares of the construction company's stock valued at $207,261,000 after acquiring an additional 811,797 shares during the period. Amundi grew its stake in shares of Quanta Services by 188.3% during the 1st quarter. Amundi now owns 1,206,577 shares of the construction company's stock valued at $304,139,000 after acquiring an additional 788,079 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Quanta Services by 433.3% during the 1st quarter. Jennison Associates LLC now owns 620,973 shares of the construction company's stock valued at $157,839,000 after acquiring an additional 504,540 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Up 1.4%

PWR stock opened at $406.00 on Friday. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94. 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 company has a market capitalization of $60.50 billion, a price-to-earnings ratio of 62.85, a PEG ratio of 2.41 and a beta of 1.01. The business has a 50 day simple moving average of $388.49 and a two-hundred day simple moving average of $344.71.

Quanta Services (NYSE:PWR - Get Free Report) last posted 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. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company's quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be given 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 is Wednesday, October 1st. Quanta Services's dividend payout ratio is currently 6.19%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PWR shares. DA Davidson boosted their price objective on Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Seaport Res Ptn upgraded Quanta Services to a "hold" rating in a research note on Thursday, July 10th. Sanford C. Bernstein downgraded 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. UBS Group boosted their price objective on Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Citigroup boosted their price objective on Quanta Services from $432.00 to $492.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $404.27.

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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