V Square Quantitative Management LLC acquired a new stake in Quanta Services, Inc. (NYSE:PWR – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,349 shares of the construction company’s stock, valued at approximately $1,413,000.
Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management grew its holdings in shares of Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Quanta Services in the fourth quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new position in Quanta Services during the 2nd quarter worth approximately $26,000. Cornerstone Planning Group LLC grew its holdings in Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX acquired a new position in Quanta Services during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 90.49% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. TD Cowen boosted their price target on shares of Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $600.00 to $650.00 in a report on Friday, March 27th. UBS Group boosted their price target on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Truist Financial reiterated a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Finally, Mizuho boosted their price target on shares of Quanta Services from $537.00 to $580.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $595.50.
Quanta Services Stock Up 3.7%
Shares of NYSE:PWR opened at $576.23 on Thursday. The company has a market capitalization of $86.22 billion, a PE ratio of 84.74, a P/E/G ratio of 2.55 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. Quanta Services, Inc. has a twelve month low of $241.62 and a twelve month high of $583.73. The firm has a 50 day simple moving average of $543.65 and a 200-day simple moving average of $475.73.
Quanta Services (NYSE:PWR – Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion during 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%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal 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. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, April 2nd. Quanta Services’s 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.
See Also
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