Edgestream Partners L.P. Cuts Stock Position in Quanta Services, Inc. $PWR

Edgestream Partners L.P. lowered its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 59.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 529 shares of the construction company’s stock after selling 771 shares during the quarter. Edgestream Partners L.P.’s holdings in Quanta Services were worth $290,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PWR. Cedar Mountain Advisors LLC lifted its holdings in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after acquiring an additional 45 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Quanta Services during the second quarter worth approximately $26,000. Boreal Capital Management LLC purchased a new stake in Quanta Services during the first quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of Quanta Services in the 4th quarter valued at approximately $28,000. Finally, MV Capital Management Inc. purchased a new position in shares of Quanta Services in the 4th quarter worth approximately $30,000. 90.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PWR. Jefferies Financial Group cut their price objective on shares of Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Robert W. Baird set a $728.00 target price on Quanta Services in a research report on Friday, July 31st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $714.00 price target on shares of Quanta Services in a report on Tuesday, July 21st. Argus set a $800.00 price target on shares of Quanta Services in a research note on Wednesday. Finally, Morgan Stanley lowered shares of Quanta Services to an “underweight” rating in a report on Monday. Twenty research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $765.48.

Quanta Services Trading Down 1.3%

Shares of NYSE PWR opened at $683.96 on Thursday. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. The firm has a market cap of $102.83 billion, a PE ratio of 78.35, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23. The business has a fifty day simple moving average of $677.36 and a two-hundred day simple moving average of $618.63. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The business’s revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Analysts expect that Quanta Services, Inc. will post 15.4 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders 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 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 5.04%.

Quanta Services declared that its Board of Directors has approved a share repurchase program on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Quanta Services Profile

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.