Three Bridge Wealth Advisors LLC Invests $292,000 in Quanta Services, Inc. $PWR

Key Points

• Three Bridge Wealth Advisors LLC has invested approximately $292,000 in Quanta Services, acquiring 772 shares of the stock in Q2.
• Quanta Services reported a 21.1% increase in quarterly revenue year-over-year, reaching $6.77 billion with an EPS of $2.48.
• The company announced a quarterly dividend of $0.10 per share, set to be paid on October 10th, contributing to an annualized dividend yield of 0.1%.

Three Bridge Wealth Advisors LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 772 shares of the construction company's stock, valued at approximately $292,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in Quanta Services in the first quarter valued at $25,000. SOA Wealth Advisors LLC. increased its stake in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company's stock worth $26,000 after purchasing an additional 43 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Quanta Services during the first quarter worth about $31,000. Ameriflex Group Inc. increased its stake in shares of Quanta Services by 93.0% during the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company's stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Quanta Services during the first quarter worth about $35,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Up 0.2%

Shares of NYSE:PWR opened at $421.88 on Friday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $431.24. The company's 50 day moving average is $389.67 and its two-hundred day moving average is $350.08. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a market cap of $62.86 billion, a PE ratio of 65.31, a P/E/G ratio of 2.50 and a beta of 1.04.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the prior year, the firm posted $1.90 EPS. The company's quarterly revenue was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

Wall Street Analyst Weigh In

PWR has been the subject of a number of research reports. Wall Street Zen cut shares of Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Mizuho initiated coverage on shares of Quanta Services in a research note on Thursday, September 4th. They set a "neutral" rating and a $360.00 target price for the company. Truist Financial boosted their target price on shares of Quanta Services from $375.00 to $472.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. BMO Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $352.00 to $400.00 in a research report on Thursday, July 17th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Quanta Services in a research report on Saturday, September 27th. Fourteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $404.27.

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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