Mattson Financial Services LLC Purchases 1,461 Shares of Quanta Services, Inc. $PWR

Key Points

• Mattson Financial Services LLC increased its stake in Quanta Services, Inc. by 24.5% in Q1, now owning a total of 7,415 shares worth approximately $1.88 million.
• Quanta Services reported a quarterly earnings per share (EPS) of $2.48, exceeding analyst expectations, with quarterly revenue rising 21.1% year-over-year to $6.77 billion.
• The company announced a quarterly dividend of $0.10 per share, reflecting an annualized yield of 0.1%, and will be paid on October 10th.

Mattson Financial Services LLC raised its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 24.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,415 shares of the construction company's stock after buying an additional 1,461 shares during the quarter. Mattson Financial Services LLC's holdings in Quanta Services were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in Quanta Services in the first quarter valued at about $25,000. WPG Advisers LLC acquired a new position in Quanta Services in the first quarter valued at about $31,000. AlphaQuest LLC acquired a new position in Quanta Services in the first quarter valued at about $35,000. Zions Bancorporation National Association UT acquired a new position in Quanta Services in the first quarter valued at about $40,000. Finally, OLD Second National Bank of Aurora acquired a new position in Quanta Services in the first quarter valued at about $42,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Up 4.4%

NYSE:PWR opened at $389.94 on Thursday. 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 company has a market cap of $58.10 billion, a PE ratio of 60.36, a PEG ratio of 2.22 and a beta of 1.01. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $424.94. The stock has a 50-day simple moving average of $387.67 and a 200 day simple moving average of $332.65.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $6.77 billion during 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%.Quanta Services's quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the company earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, sell-side analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on PWR. Piper Sandler reissued an "overweight" rating and issued a $370.00 target price (up previously from $360.00) on shares of Quanta Services in a research note on Tuesday, May 27th. UBS Group raised their price target on Quanta Services from $413.00 to $474.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Citigroup raised their price target on Quanta Services from $432.00 to $492.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Sanford C. Bernstein lowered Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a research report on Monday, July 28th. Finally, DA Davidson raised 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. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $397.18.

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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