Copperwynd Financial LLC Lowers Stock Position in Quanta Services, Inc. $PWR

Copperwynd Financial LLC lessened its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 4.5% 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 5,797 shares of the construction company’s stock after selling 275 shares during the quarter. Copperwynd Financial LLC’s holdings in Quanta Services were worth $2,192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PWR. Cullen Frost Bankers Inc. purchased a new position in shares of Quanta Services in the first quarter valued at approximately $25,000. SOA Wealth Advisors LLC. boosted its stake in shares of Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after purchasing an additional 43 shares during the period. WPG Advisers LLC purchased a new position in shares of Quanta Services in the first quarter valued at approximately $31,000. Ameriflex Group Inc. boosted its stake in shares of 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 purchasing an additional 40 shares during the period. Finally, AlphaQuest LLC purchased a new position in shares of Quanta Services in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 5.2%

PWR stock opened at $443.56 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 twelve month low of $227.08 and a twelve month high of $443.97. The company’s 50 day moving average is $390.85 and its two-hundred day moving average is $352.87. The stock has a market cap of $66.09 billion, a P/E ratio of 68.66, a PEG ratio of 2.50 and a beta of 1.04.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, topping 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 company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter last year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PWR shares. Citigroup raised their price objective on shares of Quanta Services from $432.00 to $492.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Mizuho began coverage on shares of Quanta Services in a report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 target price on the stock. Daiwa America cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a report on Wednesday. Finally, Northland Securities cut shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 target price on the stock. in a report on Wednesday, July 2nd. Fourteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $406.50.

Quanta Services Company 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.