Spire Wealth Management Sells 3,799 Shares of Quanta Services, Inc. $PWR

Spire Wealth Management reduced its position in shares of Quanta Services, Inc. (NYSE:PWR) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,921 shares of the construction company’s stock after selling 3,799 shares during the quarter. Spire Wealth Management’s holdings in Quanta Services were worth $9,252,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Barnes Dennig Private Wealth Management LLC increased its position in Quanta Services by 5.7% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 518 shares of the construction company’s stock valued at $219,000 after acquiring an additional 28 shares during the period. USA Financial Formulas acquired a new position in shares of Quanta Services during the fourth quarter worth $608,000. Acropolis Investment Management LLC bought a new stake in shares of Quanta Services in the fourth quarter worth $264,000. Mechanics Bank Trust Department increased its holdings in Quanta Services by 6.5% in the fourth quarter. Mechanics Bank Trust Department now owns 6,948 shares of the construction company’s stock valued at $2,932,000 after purchasing an additional 425 shares during the period. Finally, Quad Cities Investment Group LLC acquired a new stake in Quanta Services in the fourth quarter valued at $419,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial reaffirmed a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Jefferies Financial Group raised their price objective on Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. lifted their price objective on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Sanford C. Bernstein upped their target price on Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a report on Tuesday, February 24th. Finally, Wolfe Research raised their price target on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $587.91.

Quanta Services Stock Performance

PWR stock opened at $549.99 on Friday. The firm has a market cap of $82.29 billion, a PE ratio of 80.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $530.07 and a 200-day moving average price of $466.16. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $583.73.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the company earned $2.94 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 6.47%.

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.