Quanta Services, Inc. $PWR Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC lessened its holdings in Quanta Services, Inc. (NYSE:PWR) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,975 shares of the construction company’s stock after selling 1,141 shares during the period. Quanta Services makes up about 1.1% of Lmcg Investments LLC’s investment portfolio, making the stock its 25th largest position. Lmcg Investments LLC’s holdings in Quanta Services were worth $21,187,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PWR. State Street Corp raised its position in shares of Quanta Services by 4.7% during the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after buying an additional 296,893 shares in the last quarter. Diamant Asset Management Inc. lifted its stake in shares of Quanta Services by 54,802.0% in the 1st quarter. Diamant Asset Management Inc. now owns 296,471 shares of the construction company’s stock valued at $162,769,000 after purchasing an additional 295,931 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Quanta Services by 3,657.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company’s stock worth $121,600,000 after purchasing an additional 215,591 shares during the period. Corient Private Wealth LP boosted its holdings in shares of Quanta Services by 731.3% in the 2nd quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company’s stock worth $151,273,000 after purchasing an additional 184,819 shares during the period. Finally, Bank of America Corp DE increased its position 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 valued at $1,891,215,000 after purchasing an additional 175,184 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on PWR shares. Morgan Stanley lowered Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Argus set a $800.00 price objective on shares of Quanta Services in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $714.00 price objective on shares of Quanta Services in a research report on Tuesday, July 21st. Guggenheim raised shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price on the stock in a research note on Friday, July 31st. Finally, UBS Group reissued a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. Twenty-three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $763.04.

Quanta Services Trading Up 0.7%

Shares of NYSE PWR opened at $599.96 on Thursday. Quanta Services, Inc. has a fifty-two week low of $404.51 and a fifty-two week high of $788.75. 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 $90.20 billion, a price-to-earnings ratio of 68.72, a PEG ratio of 1.76 and a beta of 1.27. The business’s 50 day moving average price is $645.62 and its 200-day moving average price is $664.09.

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

Quanta Services Announces Dividend

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

Quanta Services Company Profile

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.