1,024 Shares in Quanta Services, Inc. $PWR Purchased by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC acquired 1,024 shares of Quanta Services, valued at approximately $260,000, indicating a growing interest in the company among institutional investors.
• Quanta Services has received several recent upgrades from analysts, with target prices raised by firms like Stifel Nicolaus and JPMorgan Chase, reflecting positive sentiment about the company's performance.
• The company reported a significant 21.1% year-over-year revenue growth, with a recent earnings report showing $2.48 EPS, slightly exceeding consensus estimates.

Focus Partners Advisor Solutions LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,024 shares of the construction company's stock, valued at approximately $260,000.

Other large investors have also recently modified their holdings of the company. SCP Investment LP bought a new position in shares of Quanta Services during the 1st quarter valued at approximately $966,000. Brighton Jones LLC bought a new position in Quanta Services in the 4th quarter valued at $298,000. Wealth Enhancement Advisory Services LLC grew its position in Quanta Services by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock valued at $17,480,000 after acquiring an additional 2,479 shares during the last quarter. Farther Finance Advisors LLC grew its position in Quanta Services by 60.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company's stock valued at $404,000 after acquiring an additional 588 shares during the last quarter. Finally, Objectivity Squared LLC bought a new position in shares of Quanta Services during the 1st quarter worth $213,000. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of PWR stock traded down $7.14 during mid-day trading on Friday, reaching $382.50. The stock had a trading volume of 833,428 shares, compared to its average volume of 837,370. The business's fifty day moving average is $387.66 and its 200-day moving average is $334.36. 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 firm has a market cap of $57.00 billion, a price-to-earnings ratio of 59.21, a PEG ratio of 2.31 and a beta of 1.01. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94.

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

Quanta Services Announces Dividend

The company 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 $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's dividend payout ratio is currently 6.19%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PWR shares. Daiwa America cut Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Wall Street Zen cut Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Seaport Res Ptn upgraded Quanta Services to a "hold" rating in a research note on Thursday, July 10th. Citigroup upped their price objective on Quanta Services from $432.00 to $492.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Sanford C. Bernstein cut 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. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.