Integrity Alliance LLC. Invests $309,000 in Quanta Services, Inc. $PWR

Key Points

• Integrity Alliance LLC invested approximately $309,000 in Quanta Services, purchasing 1,215 shares during the 1st quarter, highlighting institutional interest in the company.
• Multiple research analysts have revised their ratings and price targets for Quanta Services, with Citigroup raising its target price from $432.00 to $492.00, influencing the stock's average rating of "Moderate Buy."
• Quanta Services reported a 21.1% year-over-year increase in quarterly revenue, along with an earnings per share (EPS) of $2.48, surpassing analysts' estimates.

Integrity Alliance LLC. purchased a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,215 shares of the construction company's stock, valued at approximately $309,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Quanta Services in the first quarter worth approximately $25,000. WPG Advisers LLC bought a new position in Quanta Services in the first quarter worth approximately $31,000. AlphaQuest LLC bought a new position in Quanta Services in the first quarter worth approximately $35,000. Zions Bancorporation National Association UT bought a new position in Quanta Services in the first quarter worth approximately $40,000. Finally, OLD Second National Bank of Aurora bought a new position in Quanta Services in the first quarter worth approximately $42,000. Institutional investors own 90.49% of the company's stock.

Analysts Set New Price Targets

PWR has been the topic of several research analyst reports. Northland Capmk cut Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 2nd. Citigroup increased 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. JPMorgan Chase & Co. increased their target price on Quanta Services from $345.00 to $392.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. UBS Group increased 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. Finally, Northland Securities cut Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 target price on the stock. in a research report on Wednesday, July 2nd. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $397.18.

Quanta Services Stock Down 1.8%

Quanta Services stock opened at $382.50 on Friday. 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 stock has a market capitalization 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. The business has a fifty day moving average price of $387.66 and a 200-day moving average price of $334.82.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The company 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 quarter last year, the business posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

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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