Gould Capital LLC Acquires New Position in Quanta Services, Inc. $PWR

Key Points

• Gould Capital LLC acquired 3,756 shares of Quanta Services, valued at approximately $955,000, indicating strong interest from institutional investors.
• Quanta Services reported a 21.1% year-over-year revenue increase with earnings per share of $2.48, surpassing analyst expectations.
• Multiple analysts have recently adjusted their price targets for Quanta Services, with Citigroup raising it to $492.00 and others providing mixed ratings ranging from "buy" to "hold."

Gould Capital LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 3,756 shares of the construction company's stock, valued at approximately $955,000.

Other hedge funds have also recently modified their holdings of the company. SCP Investment LP purchased a new position in shares of Quanta Services in the 1st quarter valued at $966,000. Brighton Jones LLC purchased a new position in shares of Quanta Services in the 4th quarter valued at $298,000. Wealth Enhancement Advisory Services LLC grew its position in shares of 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 buying an additional 2,479 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of 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 buying an additional 588 shares during the last quarter. Finally, Objectivity Squared LLC purchased a new position in shares of Quanta Services in the 1st quarter valued at $213,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PWR. Stifel Nicolaus increased their target price on shares of Quanta Services from $411.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Truist Financial increased their price target on shares of Quanta Services from $375.00 to $472.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Seaport Res Ptn upgraded shares of Quanta Services to a "hold" rating in a research note on Thursday, July 10th. Northland Securities cut shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price target for the company. in a research note on Wednesday, July 2nd. Finally, Evercore ISI increased their price target on shares of Quanta Services from $360.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $392.45.

Quanta Services Stock Performance

Shares of PWR stock traded up $1.37 during mid-day trading on Friday, hitting $379.58. The stock had a trading volume of 1,037,698 shares, compared to its average volume of 1,240,736. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $424.94. The firm has a market cap of $56.56 billion, a PE ratio of 58.76, a PEG ratio of 2.26 and a beta of 1.10. 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's 50-day simple moving average is $385.24 and its 200-day simple moving average is $325.36.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping 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 company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.55 billion. During the same quarter last year, the business earned $1.90 EPS. 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. Sell-side analysts anticipate 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.