Sage Mountain Advisors LLC Invests $381,000 in Quanta Services, Inc. $PWR

Key Points

• Sage Mountain Advisors LLC invested approximately $381,000 in Quanta Services, acquiring 1,009 shares during the second quarter.
• Quanta Services reported earnings of $2.48 per share, exceeding analysts' expectations, with revenue of $6.77 billion for the quarter, a 21.1% increase year-over-year.
• The company recently announced a quarterly dividend of $0.10 per share, yielding 0.1%, indicating a modest return for shareholders.

Sage Mountain Advisors LLC acquired a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,009 shares of the construction company's stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PWR. Brighton Jones LLC acquired a new position in Quanta Services in the fourth quarter valued at $298,000. Golden State Wealth Management LLC lifted its stake in shares of Quanta Services by 123.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,246 shares of the construction company's stock valued at $317,000 after purchasing an additional 689 shares during the period. Western Wealth Management LLC grew its stake in Quanta Services by 4.0% during the first quarter. Western Wealth Management LLC now owns 1,786 shares of the construction company's stock worth $454,000 after purchasing an additional 68 shares during the period. PDS Planning Inc increased its holdings in Quanta Services by 12.2% in the first quarter. PDS Planning Inc now owns 895 shares of the construction company's stock worth $227,000 after purchasing an additional 97 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its holdings in shares of Quanta Services by 35.5% during the 1st quarter. Oakworth Capital Inc. now owns 611 shares of the construction company's stock worth $155,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of PWR opened at $441.09 on Friday. The stock has a 50 day moving average of $401.36 and a 200 day moving average of $368.20. The company has a market capitalization of $65.73 billion, a price-to-earnings ratio of 68.28, a PEG ratio of 2.61 and a beta of 1.04. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $447.17. 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 (NYSE:PWR - Get Free Report) last announced its quarterly earnings data 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 firm 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%.The business's revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were issued 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 was Wednesday, October 1st. Quanta Services's dividend payout ratio is 6.19%.

Analyst Upgrades and Downgrades

PWR has been the topic of several research reports. Mizuho started coverage on shares of Quanta Services in a report on Thursday, September 4th. They set a "neutral" rating and a $360.00 price objective on the stock. DA Davidson raised their price objective on Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their target price on Quanta Services from $395.00 to $436.00 and gave the stock a "neutral" rating in a research report on Thursday, October 16th. Weiss Ratings reissued a "buy (b-)" rating on shares of Quanta Services in a research report on Saturday. Finally, BMO Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $352.00 to $400.00 in a research note on Thursday, July 17th. Fourteen research 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 stock currently has an average rating of "Moderate Buy" and an average price target of $411.59.

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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