Sigma Planning Corp Acquires 2,127 Shares of Quanta Services, Inc. $PWR

Sigma Planning Corp lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 98.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,280 shares of the construction company’s stock after purchasing an additional 2,127 shares during the period. Sigma Planning Corp’s holdings in Quanta Services were worth $3,082,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PWR. Norges Bank bought a new position in Quanta Services during the 4th quarter worth $817,285,000. Victory Capital Management Inc. increased its stake in shares of Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after buying an additional 758,862 shares during the period. Corient Private Wealth LLC increased its stake in shares of Quanta Services by 137.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after buying an additional 667,050 shares during the period. Sands Capital Management LLC bought a new position in shares of Quanta Services during the fourth quarter worth about $243,485,000. Finally, Select Equity Group L.P. lifted its stake in shares of Quanta Services by 69.3% in the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after acquiring an additional 416,395 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR opened at $603.18 on Monday. The firm has a market cap of $90.68 billion, a PE ratio of 69.09, a price-to-earnings-growth ratio of 1.98 and a beta of 1.23. Quanta Services, Inc. has a 52-week low of $363.01 and a 52-week high of $788.75. The business’s 50 day moving average price is $661.49 and its two-hundred day moving average price is $640.09. 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 (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same period last year, the company posted $2.48 earnings per share. The business’s quarterly revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities analysts anticipate that Quanta Services, Inc. will post 15.35 EPS for the current year.

Quanta Services declared that its board has authorized a share repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. CICC Research assumed coverage on shares of Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 target price for the company. Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target on the stock in a research report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $833.00 price objective on shares of Quanta Services in a research note on Thursday, August 13th. Citigroup increased their price objective on shares of Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and a consensus target price of $769.25.

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.