Quanta Services, Inc. $PWR Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 11.4% in the second quarter, Holdings Channel reports. The firm owned 145,627 shares of the construction company’s stock after acquiring an additional 14,866 shares during the period. HighTower Advisors LLC’s holdings in Quanta Services were worth $104,858,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its holdings in shares of Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after buying an additional 45 shares during the period. Darwin Wealth Management LLC purchased a new position in Quanta Services in the 2nd quarter worth approximately $26,000. Boreal Capital Management LLC acquired a new stake in Quanta Services in the first quarter valued at approximately $27,000. MV Capital Management Inc. acquired a new stake in Quanta Services in the fourth quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Quanta Services by 221.7% during the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after purchasing an additional 51 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

PWR stock opened at $623.80 on Monday. The stock’s 50 day simple moving average is $651.88 and its 200 day simple moving average is $643.44. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. The firm has a market cap of $93.78 billion, a P/E ratio of 71.45, a P/E/G ratio of 2.05 and a beta of 1.20. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.93. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities research analysts predict that Quanta Services, Inc. will post 15.35 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be paid a dividend of $0.11 per share. 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 is 5.04%.

Quanta Services announced that its Board of Directors has authorized a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Quanta Services to a “sell” rating in a research note on Friday, July 31st. Cantor Fitzgerald started coverage on shares of Quanta Services in a report on Friday, July 31st. They issued an “outperform” rating on the stock. Morgan Stanley cut shares of Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. Raymond James Financial assumed coverage on Quanta Services in a research note on Friday, July 31st. They issued an “outperform” rating on the stock. Finally, Truist Financial restated a “buy” rating and set a $976.00 price objective (up from $940.00) on shares of Quanta Services in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.