Traders Purchase Large Volume of Quanta Services Put Options (NYSE:PWR)

Quanta Services, Inc. (NYSE:PWR) was the recipient of unusually large options trading on Tuesday. Traders acquired 4,528 put options on the stock. This represents an increase of 72% compared to the typical daily volume of 2,628 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PWR. State Street Corp lifted its stake in Quanta Services by 4.7% in the second quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after purchasing an additional 296,893 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Quanta Services by 5.4% during the 1st quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after acquiring an additional 175,184 shares during the last quarter. Royal Bank of Canada boosted its stake in Quanta Services by 7.1% in the first quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock worth $694,415,000 after buying an additional 83,363 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Quanta Services by 18.3% during the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock valued at $551,170,000 after buying an additional 155,529 shares during the last quarter. Finally, Amundi increased its stake in shares of Quanta Services by 10.3% in the first quarter. Amundi now owns 580,718 shares of the construction company’s stock worth $318,826,000 after buying an additional 54,237 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of Quanta Services stock traded down $19.49 during trading on Tuesday, reaching $598.92. 414,835 shares of the company’s stock were exchanged, compared to its average volume of 1,119,673. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The company has a market cap of $90.04 billion, a P/E ratio of 68.36, a PEG ratio of 1.87 and a beta of 1.27. Quanta Services has a 1-year low of $404.51 and a 1-year high of $788.75. The firm’s 50-day moving average price is $648.72 and its 200 day moving average price is $663.57.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, research analysts anticipate that Quanta Services will post 15.37 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were given a $0.11 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 5.04%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $862.00 target price on shares of Quanta Services in a research note on Monday, October 5th. Truist Financial cut their price target on shares of Quanta Services from $976.00 to $945.00 and set a “buy” rating for the company in a research note on Monday, October 5th. KeyCorp upgraded Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 target price for the company in a research note on Friday, August 7th. Citigroup lifted their target price on shares of Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $763.04.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.