GM Advisory Group LLC Makes New Investment in Quanta Services, Inc. $PWR

GM Advisory Group LLC bought a new position in Quanta Services, Inc. (NYSE:PWR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,157 shares of the construction company’s stock, valued at approximately $548,000.

Several other hedge funds have also made changes to their positions in PWR. Banque Transatlantique SA purchased a new position in Quanta Services during the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Quanta Services during the first quarter valued at $25,000. Quarry LP acquired a new position in Quanta Services during the fourth quarter valued at $26,000. Zions Bancorporation National Association UT purchased a new stake in Quanta Services in the 1st quarter worth about $40,000. Finally, OLD Second National Bank of Aurora acquired a new stake in Quanta Services during the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 1.0%

Quanta Services stock opened at $375.54 on Thursday. 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 1-year low of $227.08 and a 1-year high of $424.94. The firm’s fifty day simple moving average is $384.41 and its 200-day simple moving average is $324.00. The company has a market capitalization of $55.96 billion, a P/E ratio of 58.13, a P/E/G ratio of 2.26 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the prior year, the business posted $1.90 earnings per share. The business’s quarterly revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein downgraded Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 target price on the stock. in a report on Monday, July 28th. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. B. Riley lifted their target price on shares of Quanta Services from $300.00 to $355.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Seaport Res Ptn raised shares of Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Finally, Stifel Nicolaus increased their price objective on Quanta Services from $411.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $392.45.

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.