Integrated Wealth Concepts LLC Has $6.42 Million Position in Quanta Services, Inc. $PWR

Integrated Wealth Concepts LLC raised its position in shares of Quanta Services, Inc. (NYSE:PWR) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,252 shares of the construction company’s stock after buying an additional 424 shares during the period. Integrated Wealth Concepts LLC’s holdings in Quanta Services were worth $6,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in Quanta Services in the first quarter worth $25,000. WPG Advisers LLC acquired a new stake in shares of Quanta Services during the 1st quarter worth about $31,000. AlphaQuest LLC acquired a new stake in Quanta Services in the 1st quarter worth about $35,000. Zions Bancorporation National Association UT acquired a new stake in Quanta Services in the 1st quarter worth about $40,000. Finally, OLD Second National Bank of Aurora acquired a new position in shares of Quanta Services in the 1st quarter valued at approximately $42,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $372.56 on Friday. 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 $55.52 billion, a price-to-earnings ratio of 57.67, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01. 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 business has a 50-day simple moving average of $387.38 and a two-hundred day simple moving average of $330.88.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders 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 (DPR) is presently 6.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Northland Securities lowered 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. Northland Capmk lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Sanford C. Bernstein lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 target price for the company. in a research report on Monday, July 28th. DA Davidson raised their target price on shares of Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, Daiwa America cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $397.18.

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.