Quanta Services, Inc. $PWR is Lionsbridge Wealth Management LLC’s 6th Largest Position

Lionsbridge Wealth Management LLC trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,896 shares of the construction company’s stock after selling 70 shares during the period. Quanta Services accounts for approximately 3.3% of Lionsbridge Wealth Management LLC’s holdings, making the stock its 6th largest position. Lionsbridge Wealth Management LLC’s holdings in Quanta Services were worth $3,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC bought a new position in Quanta Services in the 4th quarter worth $298,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Quanta Services by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company’s stock worth $17,480,000 after buying an additional 2,479 shares during the period. Avior Wealth Management LLC boosted its holdings in Quanta Services by 10.3% in the 1st quarter. Avior Wealth Management LLC now owns 1,068 shares of the construction company’s stock worth $271,000 after buying an additional 100 shares during the period. Duncker Streett & Co. Inc. boosted its holdings in Quanta Services by 20,246.5% in the 1st quarter. Duncker Streett & Co. Inc. now owns 8,749 shares of the construction company’s stock worth $2,224,000 after buying an additional 8,706 shares during the period. Finally, Friday Financial bought a new position in Quanta Services in the 1st quarter worth $455,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Up 1.7%

Shares of NYSE:PWR opened at $441.41 on Tuesday. 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, Inc. has a 12 month low of $227.08 and a 12 month high of $446.60. The company has a 50-day moving average price of $397.58 and a 200 day moving average price of $363.89. The company has a market cap of $65.77 billion, a price-to-earnings ratio of 68.33, a PEG ratio of 2.57 and a beta of 1.04.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results 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 firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the firm earned $1.90 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts predict 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 given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PWR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a report on Wednesday, October 8th. Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Roth Capital reissued a “buy” rating and set a $450.00 price objective (up previously from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Evercore ISI increased their price objective on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, DA Davidson increased their price objective on shares of Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus 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.