Terra Alpha Investments LLC Has $2.30 Million Stock Holdings in Quanta Services, Inc. $PWR

Terra Alpha Investments LLC trimmed its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,085 shares of the construction company’s stock after selling 93 shares during the quarter. Quanta Services makes up 2.4% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 18th largest position. Terra Alpha Investments LLC’s holdings in Quanta Services were worth $2,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Copia Wealth Management grew its position in Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after acquiring an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. grew its position 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 buying an additional 43 shares during the last quarter. Ameriflex Group Inc. grew its position 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 buying an additional 40 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services in the 1st quarter worth approximately $25,000. Finally, Hemington Wealth Management grew its position in shares of Quanta Services by 69.0% in the 2nd quarter. Hemington Wealth Management now owns 120 shares of the construction company’s stock worth $45,000 after buying an additional 49 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PWR. Northland Capmk lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Citigroup boosted their price target on Quanta Services from $490.00 to $517.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a research note on Wednesday, October 8th. Evercore ISI increased their price objective on shares of Quanta Services from $360.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, 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. Fourteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $411.59.

Quanta Services Trading Down 0.8%

NYSE:PWR opened at $437.30 on Wednesday. The firm’s fifty day moving average is $398.49 and its 200-day moving average is $364.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $446.60. The firm has a market cap of $65.16 billion, a P/E ratio of 67.69, a P/E/G ratio of 2.61 and a beta of 1.04.

Quanta Services (NYSE:PWR) last posted 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. 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 analyst estimates of $6.55 billion. During the same period in the prior year, the firm posted $1.90 EPS. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 annualized dividend 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.