Quanta Services, Inc. $PWR is Neville Rodie & Shaw Inc.’s 4th Largest Position

Neville Rodie & Shaw Inc. lessened its holdings in Quanta Services, Inc. (NYSE:PWR) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,586 shares of the construction company’s stock after selling 8,437 shares during the period. Quanta Services comprises approximately 5.2% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 4th biggest position. Neville Rodie & Shaw Inc.’s holdings in Quanta Services were worth $80,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cedar Mountain Advisors LLC lifted its stake in Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Quanta Services during the 2nd quarter valued at about $26,000. Boreal Capital Management LLC purchased a new position in Quanta Services during the 1st quarter valued at about $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at about $28,000. Finally, MV Capital Management Inc. purchased a new stake in shares of Quanta Services in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PWR. Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a “sell” rating in a report on Friday. UBS Group began coverage on shares of Quanta Services in a research report on Friday. They issued a “buy” rating for the company. BNP Paribas Exane assumed coverage on shares of Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating for the company. Evercore boosted their price target on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Stifel Nicolaus set a $784.00 price target on shares of Quanta Services in a research note on Friday, May 1st. Nineteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $758.96.

Quanta Services News Roundup

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Truist raised its price target to $976 from $940 and reaffirmed its “Buy” rating. The revised target implies significant potential upside and reflects continued confidence in Quanta’s earnings and infrastructure-related growth prospects. Benzinga
• Positive Sentiment: Mizuho increased its price target to $741 from $659. Although the firm maintained a “Neutral” rating, the higher target suggests its outlook for Quanta improved following the stock’s recent performance and operating trends. The Fly
• Positive Sentiment: Guggenheim upgraded Quanta Services, adding further positive analyst sentiment around the company’s outlook. Quanta Services Upgraded at Guggenheim
• Positive Sentiment: Wall Street Zen raised its rating to “Buy,” reinforcing the broader trend of improving analyst sentiment. Quanta Services Rating Increased to Buy
• Neutral Sentiment: A Seeking Alpha analysis argues that Quanta’s valuation multiple has compressed without a comparable deterioration in its underlying business thesis. This may reassure investors concerned about valuation, although it also highlights that the stock remains sensitive to further multiple changes. Quanta Services: The Market Compressed the Multiple and Not the Thesis
• Negative Sentiment: Quanta priced a $2 billion senior-notes offering consisting of notes due in 2029, 2033 and 2036, with coupons ranging from 4.850% to 5.550%. The financing can support growth or general corporate purposes, but it will increase debt and future interest expense. The offering is expected to close August 6, subject to customary conditions. Quanta Services Announces Pricing of Senior Notes Offering

Quanta Services Trading Up 2.2%

NYSE:PWR opened at $681.75 on Tuesday. The company has a market capitalization of $102.30 billion, a P/E ratio of 78.09, a P/E/G ratio of 2.63 and a beta of 1.21. The stock’s 50 day moving average price is $679.33 and its 200 day moving average price is $615.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the firm posted $2.48 earnings per share. The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, research analysts forecast that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Wednesday, July 1st were issued a $0.11 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 5.04%.

Quanta Services announced that its Board of Directors has authorized a share repurchase program on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.