Savvy Advisors Inc. Buys 2,368 Shares of Quanta Services, Inc. $PWR

Savvy Advisors Inc. grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 179.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,685 shares of the construction company’s stock after acquiring an additional 2,368 shares during the period. Savvy Advisors Inc.’s holdings in Quanta Services were worth $1,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC purchased a new stake in shares of Quanta Services in the fourth quarter worth about $298,000. Woodline Partners LP increased its stake in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Quanta Services during the second quarter worth approximately $4,632,000. Beacon Pointe Advisors LLC increased its stake in Quanta Services by 22.0% during the second quarter. Beacon Pointe Advisors LLC now owns 1,584 shares of the construction company’s stock worth $599,000 after acquiring an additional 286 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Quanta Services by 7.4% during the second quarter. Guggenheim Capital LLC now owns 4,822 shares of the construction company’s stock worth $1,823,000 after acquiring an additional 334 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Down 1.1%

Quanta Services stock opened at $554.42 on Tuesday. The business has a fifty day moving average of $540.25 and a two-hundred day moving average of $473.86. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The firm has a market cap of $82.95 billion, a P/E ratio of 81.53, a P/E/G ratio of 2.55 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $583.73.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.Quanta Services’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, analysts forecast 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, April 10th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.47%.

Analysts Set New Price Targets

Several brokerages have weighed in on PWR. Mizuho boosted their price objective on Quanta Services from $537.00 to $580.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. TD Cowen boosted their price objective on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. The Goldman Sachs Group boosted their price objective on Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Truist Financial reissued a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Finally, Evercore boosted their price objective on Quanta Services from $604.00 to $635.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $593.23.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.