Quanta Services, Inc. $PWR Shares Purchased by RPG Investment Advisory LLC

Key Points

• RPG Investment Advisory LLC increased its stake in Quanta Services, Inc. by 106.4%, now holding 123,858 shares worth approximately $31.48 million.
• Quanta Services reported strong quarterly earnings with an EPS of $2.48, surpassing analyst estimates, and revenue increased by 21.1% year-over-year.
• Quanta Services has caught the attention of analysts, with many maintaining "buy" ratings and target prices ranging from $350.00 to $450.00.

RPG Investment Advisory LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 106.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 123,858 shares of the construction company's stock after buying an additional 63,837 shares during the period. Quanta Services accounts for approximately 2.3% of RPG Investment Advisory LLC's holdings, making the stock its 15th biggest holding. RPG Investment Advisory LLC owned approximately 0.08% of Quanta Services worth $31,482,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Frank Rimerman Advisors LLC grew its stake in shares of Quanta Services by 1.1% during the 1st quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company's stock valued at $792,000 after buying an additional 34 shares during the period. Legacy Capital Wealth Partners LLC boosted its position in Quanta Services by 3.4% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company's stock worth $277,000 after purchasing an additional 36 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in Quanta Services by 2.6% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company's stock worth $365,000 after purchasing an additional 37 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in Quanta Services by 15.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 282 shares of the construction company's stock worth $72,000 after purchasing an additional 38 shares during the period. Finally, Kerntke Otto McGlone Wealth Management Group boosted its position in Quanta Services by 3.0% during the 1st quarter. Kerntke Otto McGlone Wealth Management Group now owns 1,356 shares of the construction company's stock worth $345,000 after purchasing an additional 39 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on PWR shares. Piper Sandler reaffirmed an "overweight" rating and set a $370.00 price target (up from $360.00) on shares of Quanta Services in a research report on Tuesday, May 27th. Truist Financial upped their price target on shares of Quanta Services from $375.00 to $472.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. DA Davidson boosted their price objective on shares of Quanta Services from $305.00 to $395.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Seaport Res Ptn upgraded shares of Quanta Services to a "hold" rating in a report on Thursday, July 10th. Finally, UBS Group boosted their price objective on shares of Quanta Services from $413.00 to $474.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Thirteen investment 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $392.45.

Quanta Services Stock Up 0.4%

Shares of Quanta Services stock traded up $1.37 during trading on Friday, reaching $379.58. The company had a trading volume of 1,037,698 shares, compared to its average volume of 1,240,736. The company has a market cap of $56.56 billion, a price-to-earnings ratio of 58.76, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. The firm's fifty day moving average is $385.24 and its 200-day moving average is $325.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $424.94.

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, beating analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company's revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

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.