Lee Johnson Capital Management LLC Takes $1.63 Million Position in Quanta Services, Inc. $PWR

Lee Johnson Capital Management LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 4,305 shares of the construction company’s stock, valued at approximately $1,628,000.

Other hedge funds have also recently made changes to their positions in the company. Old Port Advisors increased its holdings in Quanta Services by 0.7% during the second quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock valued at $1,491,000 after buying an additional 26 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Quanta Services by 3.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 951 shares of the construction company’s stock valued at $242,000 after buying an additional 32 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in Quanta Services by 1.1% during the first quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company’s stock valued at $792,000 after buying an additional 34 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its holdings in Quanta Services by 3.4% during the first quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company’s stock valued at $277,000 after buying an additional 36 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in Quanta Services by 2.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company’s stock valued at $365,000 after buying an additional 37 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $409.12 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The firm has a fifty day moving average price of $388.67 and a 200 day moving average price of $346.40. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $424.94. The firm has a market cap of $60.96 billion, a price-to-earnings ratio of 63.33, a P/E/G ratio of 2.41 and a beta of 1.01.

Quanta Services (NYSE:PWR) last issued its earnings results 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 firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. Quanta Services’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. As a group, sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 is currently 6.19%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PWR shares. DA Davidson upped their target price 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. Truist Financial upped their target price on shares of Quanta Services from $375.00 to $472.00 and gave the company a “buy” rating in a report on Monday, August 4th. Northland Capmk lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Mizuho started coverage on shares of Quanta Services in a research report on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price target for the company. Finally, BMO Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $352.00 to $400.00 in a research report on Thursday, July 17th. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $404.27.

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.