Waverly Advisors LLC Boosts Stock Holdings in Quanta Services, Inc. $PWR

Waverly Advisors LLC increased its holdings in Quanta Services, Inc. (NYSE:PWR) by 3,275.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 62,953 shares of the construction company’s stock after buying an additional 61,088 shares during the quarter. Waverly Advisors LLC’s holdings in Quanta Services were worth $45,329,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PWR. Cetera Investment Advisers grew its holdings in shares of Quanta Services by 5.8% in the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock worth $40,701,000 after acquiring an additional 4,087 shares during the period. Evoke Wealth LLC bought a new position in Quanta Services in the fourth quarter valued at about $368,000. North Dakota State Investment Board purchased a new position in Quanta Services in the fourth quarter worth about $2,131,000. Brighton Jones LLC bought a new stake in shares of Quanta Services during the 4th quarter valued at about $298,000. Finally, Leonteq Securities AG purchased a new stake in shares of Quanta Services during the 4th quarter valued at about $1,040,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the topic of several recent research reports. CICC Research began coverage on shares of Quanta Services in a research report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price target on the stock. Argus set a $800.00 price objective on Quanta Services in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft downgraded Quanta Services to a “sell” rating in a research report on Friday, July 31st. BTIG Research cut Quanta Services to a “hold” rating in a research report on Friday, July 31st. Finally, Citigroup lifted their price objective on Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $769.25.

Quanta Services Price Performance

NYSE:PWR traded up $14.61 on Tuesday, reaching $639.02. 831,705 shares of the company’s stock traded hands, compared to its average volume of 1,162,385. The stock has a 50-day simple moving average of $650.04 and a 200-day simple moving average of $644.14. Quanta Services, Inc. has a 12 month low of $370.27 and a 12 month high of $788.75. The firm has a market cap of $96.07 billion, a PE ratio of 73.20, a P/E/G ratio of 2.05 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.10 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 (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter last year, the business posted $2.48 earnings per share. The firm’s revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

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

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, October 1st. Quanta Services’s payout ratio is currently 5.04%.

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.