Traynor Capital Management Inc. Makes New $3.50 Million Investment in Quanta Services, Inc. $PWR

Traynor Capital Management Inc. purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,281 shares of the construction company’s stock, valued at approximately $3,495,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Quanta Services by 5.4% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after acquiring an additional 2,375 shares during the last quarter. Calamos Advisors LLC lifted its holdings in Quanta Services by 17.1% in the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after purchasing an additional 15,388 shares during the last quarter. Chilton Capital Management LLC boosted its position in Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares during the period. Exchange Traded Concepts LLC boosted its position in Quanta Services by 59.9% during the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after purchasing an additional 16,637 shares during the period. Finally, Atria Investments Inc grew its holdings in Quanta Services by 20.4% during the third quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after purchasing an additional 2,340 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PWR. The Goldman Sachs Group boosted their price objective on shares of Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Roth Mkm reiterated a “buy” rating and issued a $600.00 target price on shares of Quanta Services in a research note on Friday, February 20th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Stifel Nicolaus set a $647.00 price target on shares of Quanta Services in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their price target on Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Trading Down 1.0%

Shares of PWR stock opened at $572.91 on Thursday. The firm has a market capitalization of $85.72 billion, a P/E ratio of 84.25, a price-to-earnings-growth ratio of 2.63 and a beta of 1.10. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $583.73. The firm’s fifty day simple moving average is $526.45 and its 200 day simple moving average is $463.74. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last issued 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. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period in the prior year, the firm earned $2.94 EPS. The business’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, sell-side analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors 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 dividend on an annualized basis and a 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.