Graham Capital Management L.P. Acquires Shares of 5,740 Quanta Services, Inc. $PWR

Key Points

• Graham Capital Management L.P. has acquired a new stake in Quanta Services, Inc., purchasing 5,740 shares valued at approximately $1,459,000 during the first quarter.
• Quanta Services' analysts have rated the stock with a consensus rating of "Moderate Buy" with a target price around $392.45, reflecting several increases in price targets by notable firms.
• The company announced a quarterly dividend of $0.10 per share, which will be paid on October 10th, with an annualized yield of 0.1%.

Graham Capital Management L.P. acquired 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 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,740 shares of the construction company's stock, valued at approximately $1,459,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PWR. Brighton Jones LLC acquired a new stake in Quanta Services during the fourth quarter valued at approximately $298,000. AQR Capital Management LLC raised its position in shares of Quanta Services by 14.5% during the 4th quarter. AQR Capital Management LLC now owns 39,911 shares of the construction company's stock worth $12,614,000 after purchasing an additional 5,042 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Quanta Services during the 4th quarter worth approximately $3,819,000. BNP Paribas Financial Markets raised its position in shares of Quanta Services by 29.2% during the 4th quarter. BNP Paribas Financial Markets now owns 291,561 shares of the construction company's stock worth $92,148,000 after purchasing an additional 65,981 shares during the period. Finally, Benjamin Edwards Inc. raised its position in shares of Quanta Services by 24.7% during the 4th quarter. Benjamin Edwards Inc. now owns 2,138 shares of the construction company's stock worth $676,000 after purchasing an additional 423 shares during the period. Institutional investors and hedge funds own 90.49% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DA Davidson increased their price target on Quanta Services from $305.00 to $395.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Evercore ISI raised their target price on Quanta Services from $360.00 to $410.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. BMO Capital Markets cut Quanta Services from an "outperform" rating to a "market perform" rating and raised their target price for the company from $352.00 to $400.00 in a research report on Thursday, July 17th. Wall Street Zen cut Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, UBS Group raised their target price on Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a research report on Friday, July 25th. 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, Quanta Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $392.45.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $374.61 on Wednesday. The stock has a fifty day moving average price of $387.65 and a two-hundred day moving average price of $329.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The firm has a market cap of $55.82 billion, a P/E ratio of 57.99, a PEG ratio of 2.24 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 issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (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 analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm's quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the company posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st will be paid 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 is Wednesday, October 1st. Quanta Services's dividend payout ratio (DPR) is presently 6.19%.

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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