Freedom Day Solutions LLC Buys Shares of 6,519 Quanta Services, Inc. $PWR

Freedom Day Solutions LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,519 shares of the construction company’s stock, valued at approximately $2,465,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PWR. Cullen Frost Bankers Inc. acquired a new position in shares of Quanta Services in the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. lifted its holdings in shares of Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after acquiring an additional 43 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Quanta Services in the 1st quarter worth approximately $31,000. Ameriflex Group Inc. lifted its holdings in shares of Quanta Services by 93.0% in the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Quanta Services in the 1st quarter worth approximately $35,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PWR. Sanford C. Bernstein lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price objective on the stock. in a report on Monday, July 28th. Citigroup upped their price objective on shares of Quanta Services from $432.00 to $492.00 and gave the stock a “buy” rating in a report on Monday, July 28th. TD Cowen upped their target price on shares of Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Jefferies Financial Group raised shares of Quanta Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $398.00 to $469.00 in a research note on Wednesday, September 24th. Finally, Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $408.45.

Quanta Services Trading Down 3.1%

Shares of NYSE:PWR opened at $429.69 on Friday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $443.97. The company’s 50 day moving average is $391.35 and its two-hundred day moving average is $353.91. 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 company has a market cap of $64.03 billion, a PE ratio of 66.52, a P/E/G ratio of 2.63 and a beta of 1.04.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Wednesday, October 1st will be paid 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 yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.19%.

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.