Ground Swell Capital LLC Has $324,000 Stake in Quanta Services, Inc. $PWR

Key Points

• Ground Swell Capital LLC reduced its stake in Quanta Services by 55.0%, holding a total of 858 shares valued at $324,000 as of its latest SEC filing.
• Quanta Services reported $2.48 EPS for the last quarter, surpassing analyst expectations, with revenues increasing 21.1% year-over-year.
• The company recently declared a quarterly dividend of $0.10 per share, reflecting a 0.1% dividend yield.

Ground Swell Capital LLC lessened its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 55.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 858 shares of the construction company's stock after selling 1,048 shares during the period. Quanta Services accounts for about 0.5% of Ground Swell Capital LLC's portfolio, making the stock its 24th biggest position. Ground Swell Capital LLC's holdings in Quanta Services were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Copia Wealth Management grew its stake in Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company's stock worth $25,000 after buying an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in shares of Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company's stock valued at $26,000 after purchasing an additional 43 shares in the last quarter. Ameriflex Group Inc. increased its stake in shares of Quanta Services by 93.0% in the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company's stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services during the 1st quarter worth $25,000. Finally, Hemington Wealth Management grew its position in Quanta Services by 69.0% in the second quarter. Hemington Wealth Management now owns 120 shares of the construction company's stock valued at $45,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Price Performance

PWR stock opened at $427.32 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The firm has a market cap of $63.67 billion, a price-to-earnings ratio of 66.15, a PEG ratio of 2.44 and a beta of 1.04. The company's fifty day simple moving average is $400.13 and its 200 day simple moving average is $365.99. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $446.60.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $6.77 billion for 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 firm's revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is currently 6.19%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Quanta Services from a "hold" rating to a "buy" rating and lifted their price target for the company from $398.00 to $469.00 in a report on Wednesday, September 24th. Daiwa America cut Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Northland Securities downgraded Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 target price for the company. in a research report on Wednesday, July 2nd. BMO Capital Markets cut Quanta Services from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $352.00 to $400.00 in a report on Thursday, July 17th. Finally, Mizuho began coverage on shares of Quanta Services in a report on Thursday, September 4th. They set a "neutral" rating and a $360.00 target price on the stock. Fourteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $411.59.

Quanta Services Company 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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