LCM Capital Management Inc Acquires Shares of 771 Quanta Services, Inc. $PWR

LCM Capital Management Inc acquired a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 771 shares of the construction company's stock, valued at approximately $292,000.

Other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of Quanta Services during the 1st quarter worth $25,000. WPG Advisers LLC bought a new position in shares of Quanta Services during the 1st quarter worth $31,000. AlphaQuest LLC bought a new position in shares of Quanta Services during the 1st quarter worth $35,000. Zions Bancorporation National Association UT bought a new position in shares of Quanta Services during the 1st quarter worth $40,000. Finally, OLD Second National Bank of Aurora bought a new position in shares of Quanta Services during the 1st quarter worth $42,000. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $389.34 on Monday. The stock has a market cap of $58.02 billion, a price-to-earnings ratio of 60.27, a P/E/G ratio of 2.31 and a beta of 1.01. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94. The stock's 50-day moving average is $387.90 and its 200 day moving average is $340.01.

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 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 analysts' expectations of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services's dividend payout ratio (DPR) is presently 6.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PWR shares. The Goldman Sachs Group reiterated a "buy" rating and set a $414.00 price target (up previously from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. Mizuho began coverage on Quanta Services in a research note on Thursday, September 4th. They issued a "neutral" rating and a $360.00 target price for the company. Evercore ISI raised their target price on Quanta Services from $360.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Roth Capital restated a "buy" rating and issued a $450.00 target price (up previously from $350.00) on shares of Quanta Services in a research note on Tuesday, July 29th. Finally, UBS Group raised their target price on Quanta Services from $413.00 to $474.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Twelve analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $401.19.

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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