Turtle Creek Wealth Advisors LLC Invests $255,000 in Quanta Services, Inc. $PWR

Key Points

• Turtle Creek Wealth Advisors LLC has invested approximately $255,000 in Quanta Services, acquiring 675 shares during the 2nd quarter.
• Quanta Services reported a quarterly earnings per share (EPS) of $2.48, exceeding analyst expectations, and experienced a 21.1% year-over-year revenue increase to $6.77 billion.
• The company has a current market cap of $64.77 billion and a majority of its stock (90.49%) is held by institutional investors.

Turtle Creek Wealth Advisors LLC acquired a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 675 shares of the construction company's stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Quanta Services during the fourth quarter valued at approximately $298,000. Wealth Enhancement Advisory Services LLC increased its stake in Quanta Services by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock valued at $17,480,000 after purchasing an additional 2,479 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Quanta Services during the first quarter worth $442,000. Sagespring Wealth Partners LLC lifted its stake in shares of Quanta Services by 19.7% in the first quarter. Sagespring Wealth Partners LLC now owns 802 shares of the construction company's stock valued at $206,000 after buying an additional 132 shares in the last quarter. Finally, Clarius Group LLC grew its holdings in shares of Quanta Services by 30.6% during the first quarter. Clarius Group LLC now owns 1,157 shares of the construction company's stock valued at $294,000 after buying an additional 271 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

PWR stock opened at $434.65 on Friday. The firm has a market cap of $64.77 billion, a PE ratio of 67.28, a P/E/G ratio of 2.59 and a beta of 1.04. 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 business has a 50 day moving average of $396.43 and a 200-day moving average of $361.04. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $446.60.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates 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 in the prior year, the company posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, sell-side analysts expect 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. Investors of record on Wednesday, October 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.1%. Quanta Services's dividend payout ratio is presently 6.19%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson upped their target price 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. TD Cowen boosted their price objective on Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. UBS Group boosted their price objective on Quanta Services from $413.00 to $474.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Roth Capital reissued a "buy" rating and set a $450.00 price objective (up from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Finally, Jefferies Financial Group raised Quanta Services from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $398.00 to $469.00 in a report on Wednesday, September 24th. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Quanta Services currently has an average rating of "Moderate Buy" and an average target price of $410.45.

About Quanta Services

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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