Lmcg Investments LLC Decreases Stock Holdings in Quanta Services, Inc. $PWR

Lmcg Investments LLC reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,174 shares of the construction company’s stock after selling 2,601 shares during the quarter. Quanta Services makes up 1.1% of Lmcg Investments LLC’s holdings, making the stock its 24th largest position. Lmcg Investments LLC’s holdings in Quanta Services were worth $17,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its stake in shares of Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares during the last quarter. Ameriflex Group Inc. raised its stake in Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Quanta Services in the first quarter valued at about $25,000. WPG Advisers LLC purchased a new stake in Quanta Services in the first quarter valued at about $31,000. Finally, Webster Bank N. A. raised its stake in Quanta Services by 57.8% in the second quarter. Webster Bank N. A. now owns 131 shares of the construction company’s stock valued at $50,000 after buying an additional 48 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Down 3.0%

Shares of PWR stock opened at $417.15 on Friday. The stock has a 50 day moving average of $391.79 and a 200 day moving average of $354.88. 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 stock has a market cap of $62.16 billion, a P/E ratio of 64.57, a P/E/G ratio of 2.55 and a beta of 1.04. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $443.97.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share 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 analysts’ expectations 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 last year, the business earned $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 EPS for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is currently 6.19%.

Wall Street Analyst Weigh In

PWR has been the subject of a number of research analyst reports. UBS Group increased their price target on Quanta Services from $413.00 to $474.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Mizuho started coverage on Quanta Services in a research note on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price target for the company. Daiwa America cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Evercore ISI raised their price objective on Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Stifel Nicolaus raised their price objective on Quanta Services from $432.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday. Fourteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $408.45.

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.