Quanta Services, Inc. $PWR Stock Holdings Reduced by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in Quanta Services, Inc. (NYSE:PWR) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,482 shares of the construction company’s stock after selling 4,781 shares during the quarter. Quanta Services makes up approximately 0.6% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 22nd biggest position. Oppenheimer & Co. Inc.’s holdings in Quanta Services were worth $61,348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PWR. State Street Corp boosted its stake in shares of 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 period. Bank of America Corp DE lifted its holdings in 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 buying an additional 175,184 shares in the last quarter. Royal Bank of Canada lifted its holdings in Quanta Services by 7.1% during the 1st 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 lifted its holdings in Quanta Services by 18.3% during the 1st quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock worth $551,170,000 after buying an additional 155,529 shares in the last quarter. Finally, Amundi boosted its position in Quanta Services by 10.3% in the 1st quarter. Amundi now owns 580,718 shares of the construction company’s stock valued at $318,826,000 after buying an additional 54,237 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Price Performance

PWR stock opened at $564.02 on Tuesday. The business has a 50 day moving average price of $639.18 and a 200 day moving average price of $619.51. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The stock has a market cap of $84.79 billion, a price-to-earnings ratio of 64.61, a PEG ratio of 1.61 and a beta of 1.27. Quanta Services, Inc. has a fifty-two week low of $408.36 and a fifty-two week high of $788.75.

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

Quanta Services Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on PWR shares. Argus set a $800.00 price target on shares of Quanta Services in a research note on Wednesday, August 5th. BTIG Research cut Quanta Services to a “hold” rating in a research note on Friday, July 31st. Morgan Stanley lowered Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Benchmark lowered Quanta Services to a “sell” rating in a report on Friday, July 31st. Finally, Citigroup boosted their target price on Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $761.24.

Quanta Services 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.