HCR Wealth Advisors Purchases 760 Shares of Quanta Services, Inc. $PWR

Key Points

• HCR Wealth Advisors increased its stake in Quanta Services, Inc. by 11.2% during the second quarter, acquiring an additional 760 shares, bringing its total to 7,551 shares valued at approximately $2.86 million.
• Quanta Services has seen multiple hedge funds increase their positions, with institutional investors owning 90.49% of the company's stock, indicating strong market confidence.
• The company reported quarterly earnings of $2.48 per share, beating estimates, and set a FY 2025 earnings guidance of 10.280-10.880 EPS, showcasing its growth potential in the infrastructure sector.

HCR Wealth Advisors raised its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 11.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,551 shares of the construction company's stock after purchasing an additional 760 shares during the quarter. HCR Wealth Advisors' holdings in Quanta Services were worth $2,855,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Quanta Services by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company's stock valued at $4,427,129,000 after purchasing an additional 407,878 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Quanta Services in the second quarter valued at approximately $650,960,000. Nuveen LLC bought a new stake in Quanta Services in the first quarter valued at approximately $404,288,000. Northern Trust Corp lifted its position in Quanta Services by 3.8% in the first quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company's stock valued at $392,839,000 after purchasing an additional 56,081 shares during the last quarter. Finally, Amundi lifted its position in Quanta Services by 188.3% in the first quarter. Amundi now owns 1,206,577 shares of the construction company's stock valued at $304,139,000 after purchasing an additional 788,079 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PWR. Seaport Res Ptn upgraded Quanta Services to a "hold" rating in a research report on Thursday, July 10th. UBS Group boosted their target price on Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Stifel Nicolaus boosted their target price on Quanta Services from $411.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 4th. DA Davidson boosted their target price on Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Finally, Mizuho started coverage on Quanta Services in a research note on Thursday, September 4th. They set a "neutral" rating and a $360.00 target price on the stock. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $404.27.

Quanta Services Stock Up 0.9%

PWR stock opened at $409.12 on Tuesday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $424.94. 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 stock has a market cap of $60.96 billion, a P/E ratio of 63.33, a PEG ratio of 2.41 and a beta of 1.01. The business's 50-day moving average price is $388.67 and its 200-day moving average price is $346.40.

Quanta Services (NYSE:PWR - Get Free Report) last posted 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. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.55 billion. During the same period in the previous year, the firm earned $1.90 EPS. The business's quarterly 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. On average, equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend 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 6.19%.

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.

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