Huber Capital Management LLC Has $330,000 Position in Quanta Services, Inc. $PWR

Huber Capital Management LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 8.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,300 shares of the construction company’s stock after acquiring an additional 100 shares during the period. Huber Capital Management LLC’s holdings in Quanta Services were worth $330,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PWR. Nuveen LLC acquired a new stake in shares of Quanta Services during the 1st quarter valued at about $404,288,000. GAMMA Investing LLC boosted its position in shares of Quanta Services by 22,475.0% during the 1st quarter. GAMMA Investing LLC now owns 815,409 shares of the construction company’s stock valued at $207,261,000 after acquiring an additional 811,797 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Quanta Services by 42.8% during the 4th quarter. Bank of America Corp DE now owns 1,691,652 shares of the construction company’s stock valued at $534,647,000 after acquiring an additional 506,722 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Quanta Services by 433.3% during the 1st quarter. Jennison Associates LLC now owns 620,973 shares of the construction company’s stock valued at $157,839,000 after acquiring an additional 504,540 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Quanta Services by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock valued at $4,427,129,000 after acquiring an additional 407,878 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Down 0.4%

PWR opened at $382.29 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The company has a market cap of $56.97 billion, a price-to-earnings ratio of 59.18, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The firm has a 50 day simple moving average of $386.50 and a 200 day simple moving average of $326.61. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $424.94.

Quanta Services (NYSE:PWR) last posted its quarterly 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. The business had revenue of $6.77 billion during 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%. Quanta Services’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. DA Davidson lifted their price target 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. Sanford C. Bernstein downgraded shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price target for the company. in a report on Monday, July 28th. Piper Sandler reissued an “overweight” rating and set a $370.00 price target (up from $360.00) on shares of Quanta Services in a report on Tuesday, May 27th. BMO Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $352.00 to $400.00 in a report on Thursday, July 17th. Finally, Roth Capital reissued a “buy” rating and set a $450.00 price target (up from $350.00) on shares of Quanta Services in a report on Tuesday, July 29th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $392.45.

About Quanta Services

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.