988 Quanta Services, Inc. $PWR Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 74.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,324 shares of the construction company’s stock after acquiring an additional 988 shares during the period. International Assets Investment Management LLC’s holdings in Quanta Services were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Calamos Wealth Management LLC boosted its position in Quanta Services by 1.9% during the third quarter. Calamos Wealth Management LLC now owns 4,458 shares of the construction company’s stock worth $2,864,000 after purchasing an additional 81 shares during the period. Alta Advisers Ltd raised its position in shares of Quanta Services by 88.3% in the third quarter. Alta Advisers Ltd now owns 1,083 shares of the construction company’s stock valued at $696,000 after purchasing an additional 508 shares during the period. Pekin Hardy Strauss Inc. raised its position in shares of Quanta Services by 66.3% in the third quarter. Pekin Hardy Strauss Inc. now owns 524 shares of the construction company’s stock valued at $337,000 after purchasing an additional 209 shares during the period. Principle Wealth Partners LLC raised its position in shares of Quanta Services by 3.9% in the third quarter. Principle Wealth Partners LLC now owns 816 shares of the construction company’s stock valued at $524,000 after purchasing an additional 31 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in shares of Quanta Services by 10.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 27,606 shares of the construction company’s stock valued at $17,737,000 after buying an additional 2,719 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Trending Headlines about Quanta Services

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

• Positive Sentiment: Quanta’s latest reported quarter topped analyst estimates: earnings were $6.06 per share versus $5.02 expected, while revenue reached $12.01 billion versus $11.03 billion expected. The results reinforce demand for the company’s infrastructure work. Quanta Services stock faces a higher execution bar after record quarter
• Positive Sentiment: Bernstein initiated a Buy view on PWR, and Zacks Research upgraded its rating from Hold to Strong Buy, adding to favorable analyst sentiment. Quanta Services gets a Buy from Bernstein Zacks Research upgrade
• Neutral Sentiment: Oppenheimer maintained its Outperform rating after PWR fell, signaling continued confidence but no new upgrade. Oppenheimer maintains Outperform
• Negative Sentiment: A post-election backlash against the AI trade has pressured industrial and AI-infrastructure shares, with Quanta among the stocks singled out in the selloff. Weakness in AI-related stocks could weigh on PWR despite its strong fundamentals. Industrial stocks hit by AI backlash selloff
• Negative Sentiment: Following the record quarter, investors may expect continued exceptional execution, leaving less room for future results to disappoint. Execution bar after record quarter

Analyst Ratings Changes

A number of equities analysts have recently commented on PWR shares. The Goldman Sachs Group set a $781.00 price target on Quanta Services in a report on Thursday, October 22nd. Morgan Stanley lowered Quanta Services to an “underweight” rating in a research note on Monday, August 3rd. Mizuho set a $684.00 price objective on Quanta Services in a report on Wednesday, October 7th. Guggenheim upgraded Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price for the company in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered Quanta Services to a “sell” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $763.81.

Quanta Services Trading Down 0.0%

Shares of PWR stock opened at $540.88 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $628.83 and a two-hundred day moving average price of $626.39. Quanta Services, Inc. has a 12-month low of $408.36 and a 12-month high of $788.75. The firm has a market cap of $81.50 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.02 by $1.04. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the prior year, the company earned $3.33 EPS. The firm’s revenue was up 57.4% on a year-over-year basis. Equities analysts anticipate that Quanta Services, Inc. will post 16.61 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is currently 3.99%.

Quanta Services Profile

Quanta Services, Inc provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure.

The company’s services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

Founded in 1997, Quanta serves customers primarily in North America, with operations also extending to Australia and other international markets.