MOR Wealth Management LLC Buys New Shares in Quanta Services, Inc. $PWR

MOR Wealth Management LLC purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,689 shares of the construction company’s stock, valued at approximately $713,000.

A number of other hedge funds have also modified their holdings of PWR. Brighton Jones LLC acquired a new stake in Quanta Services during the 4th quarter worth about $298,000. Woodline Partners LP raised its holdings in shares of Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after acquiring an additional 3,606 shares during the period. XTX Topco Ltd boosted its stake in Quanta Services by 8.2% in the 2nd quarter. XTX Topco Ltd now owns 889 shares of the construction company’s stock worth $336,000 after purchasing an additional 67 shares during the period. Boston Partners purchased a new position in Quanta Services during the 2nd quarter worth approximately $936,000. Finally, Russell Investments Group Ltd. raised its stake in Quanta Services by 3.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 76,142 shares of the construction company’s stock valued at $28,873,000 after purchasing an additional 2,247 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on PWR shares. Jefferies Financial Group raised their target price on Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Wolfe Research lifted their target price on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. B. Riley Financial increased their price target on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Sanford C. Bernstein boosted their price objective on shares of Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a research report on Tuesday, February 24th. Finally, Roth Mkm reissued a “buy” rating and set a $600.00 target price on shares of Quanta Services in a research note on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $587.91.

Quanta Services Price Performance

Shares of PWR opened at $549.99 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a market cap of $82.29 billion, a PE ratio of 80.88, a PEG ratio of 2.50 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $583.73. The firm’s 50 day moving average price is $530.07 and its 200 day moving average price is $466.70.

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

Quanta Services Dividend Announcement

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 issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.47%.

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.