1,441 Shares in Quanta Services, Inc. $PWR Bought by USA Financial Formulas

USA Financial Formulas bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,441 shares of the construction company’s stock, valued at approximately $608,000.

A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in Quanta Services in the 4th quarter valued at approximately $298,000. Woodline Partners LP increased 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 worth $3,170,000 after buying an additional 3,606 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Quanta Services by 8.2% during the 2nd quarter. XTX Topco Ltd now owns 889 shares of the construction company’s stock valued at $336,000 after acquiring an additional 67 shares in the last quarter. Boston Partners bought a new stake in Quanta Services during the 2nd quarter worth $936,000. Finally, Inceptionr LLC bought a new stake in Quanta Services during the 2nd quarter worth $454,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PWR has been the subject of several research reports. Roth Mkm reiterated a “buy” rating and issued a $600.00 target price on shares of Quanta Services in a research report on Friday, February 20th. UBS Group upped their price objective on Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research note on Friday, February 20th. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $600.00 to $650.00 in a research report on Friday. Stifel Nicolaus set a $647.00 target price on shares of Quanta Services in a report on Monday, February 23rd. Finally, TD Cowen raised their price target on shares of Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Eighteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $587.91.

Quanta Services Stock Performance

Shares of PWR stock opened at $549.99 on Friday. The stock has a market capitalization of $82.29 billion, a PE ratio of 80.88, a PEG ratio of 2.50 and a beta of 1.10. The business’s 50 day simple moving average is $530.07 and its 200 day simple moving average is $466.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $583.73.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the previous year, the company earned $2.94 EPS. The company’s revenue for the quarter 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, research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

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

About Quanta Services

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.