Trivium Point Advisory LLC Has $5.18 Million Stock Position in Quanta Services, Inc. $PWR

Key Points

• Trivium Point Advisory LLC reduced its stake in Quanta Services by 8.0% in the second quarter, holding 13,708 shares valued at approximately $5.18 million.
• Institutional ownership remains strong, with over 90% of Quanta Services stock owned by institutional investors and hedge funds, including significant investments from Vanguard Group and Kingstone Capital Partners.
• Quanta Services reported a quarterly earnings per share of $2.48, exceeding expectations, and plans to pay a quarterly dividend of $0.10 on October 10th.

Trivium Point Advisory LLC trimmed its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 8.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,708 shares of the construction company's stock after selling 1,200 shares during the quarter. Trivium Point Advisory LLC's holdings in Quanta Services were worth $5,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Quanta Services by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company's stock worth $4,427,129,000 after buying an additional 407,878 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Quanta Services in the second quarter worth about $650,960,000. Nuveen LLC acquired a new position in shares of Quanta Services in the first quarter worth about $404,288,000. Northern Trust Corp boosted its holdings in shares of Quanta Services by 3.8% in the first quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company's stock worth $392,839,000 after buying an additional 56,081 shares during the period. Finally, Amundi boosted its holdings in shares of Quanta Services by 188.3% in the first quarter. Amundi now owns 1,206,577 shares of the construction company's stock worth $304,139,000 after buying an additional 788,079 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on PWR shares. Jefferies Financial Group upgraded shares of Quanta Services from a "hold" rating to a "buy" rating and raised their price target for the stock from $398.00 to $469.00 in a report on Wednesday, September 24th. DA Davidson raised their price target 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. Northland Capmk cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Truist Financial raised their price target on shares of Quanta Services from $375.00 to $472.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, BMO Capital Markets cut shares of Quanta Services from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $352.00 to $400.00 in a report on Thursday, July 17th. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and an average target price of $404.27.

Quanta Services Price Performance

NYSE PWR opened at $409.12 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $60.96 billion, a PE ratio of 63.33, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01. The company has a 50 day moving average price of $388.67 and a two-hundred day moving average price of $346.40. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $424.94.

Quanta Services (NYSE:PWR - Get Free Report) last posted 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 firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations 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 was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

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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