1,921 Shares in Quanta Services, Inc. $PWR Purchased by Formuepleje A S

Formuepleje A S acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,921 shares of the construction company’s stock, valued at approximately $1,383,000.

Several other hedge funds have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Quanta Services by 2.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock worth $282,000 after acquiring an additional 13 shares during the period. Pincus Capital Management LP increased its stake in Quanta Services by 0.4% in the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock valued at $2,026,000 after acquiring an additional 15 shares during the last quarter. SouthState Bank Corp increased its stake in Quanta Services by 23.5% in the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after acquiring an additional 16 shares during the last quarter. Lewis Asset Management LLC raised its position in Quanta Services by 2.5% during the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after purchasing an additional 17 shares in the last quarter. Finally, Stiles Financial Services Inc lifted its stake in Quanta Services by 1.8% during the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after purchasing an additional 17 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

NYSE PWR opened at $623.80 on Monday. The firm’s fifty day moving average price is $651.88 and its two-hundred day moving average price is $643.44. The stock has a market cap of $93.78 billion, a PE ratio of 71.45, a PEG ratio of 2.05 and a beta of 1.20. 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 fifty-two week low of $363.01 and a fifty-two week high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same period in the prior year, the company earned $2.48 EPS. Quanta Services’s revenue 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, equities analysts expect that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services announced that its board has authorized a share buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be given a $0.11 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 5.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PWR shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $714.00 target price on shares of Quanta Services in a report on Tuesday, July 21st. Morgan Stanley downgraded Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. Weiss Ratings lowered Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Truist Financial reiterated a “buy” rating and issued a $976.00 target price (up from $940.00) on shares of Quanta Services in a research report on Monday, August 3rd. Finally, Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price for the company in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $769.25.

Quanta Services Company 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.