Vanguard Group Inc. Sells 58,628 Shares of Quanta Services, Inc. $PWR

Vanguard Group Inc. trimmed its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 18,084,991 shares of the construction company’s stock after selling 58,628 shares during the period. Vanguard Group Inc. owned about 0.12% of Quanta Services worth $7,632,951,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PWR. Brighton Jones LLC bought a new stake in Quanta Services in the fourth quarter valued at $298,000. Woodline Partners LP lifted 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. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Quanta Services in the 2nd quarter valued at $4,632,000. Marshall Wace LLP bought a new stake in shares of Quanta Services in the 2nd quarter worth about $996,000. Finally, StoneX Group Inc. acquired a new stake in shares of Quanta Services during the 2nd quarter worth about $204,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PWR. Argus lifted their price target on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Jefferies Financial Group raised their price objective on shares of Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Cantor Fitzgerald lifted their target price on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Robert W. Baird boosted their target price on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. 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 report on Friday, February 20th. Eighteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $599.00.

Quanta Services Stock Up 0.1%

Shares of NYSE:PWR opened at $625.40 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The firm has a market cap of $93.85 billion, a P/E ratio of 91.97, a P/E/G ratio of 2.83 and a beta of 1.10. Quanta Services, Inc. has a 12 month low of $281.17 and a 12 month high of $638.90. The company’s 50-day moving average price is $568.94 and its two-hundred day moving average price is $492.09.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share 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 company had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period in the previous year, the firm posted $2.94 earnings per share. The company’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, research analysts forecast that Quanta Services, Inc. will post 11.97 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 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.