Diversified Enterprises LLC Buys 2,620 Shares of Quanta Services, Inc. $PWR

Diversified Enterprises LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 96.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,341 shares of the construction company’s stock after buying an additional 2,620 shares during the quarter. Diversified Enterprises LLC’s holdings in Quanta Services were worth $2,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its holdings in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after acquiring an additional 32 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Quanta Services during the fourth quarter worth $28,000. Darwin Wealth Management LLC bought a new stake in Quanta Services during the second quarter worth $26,000. Cornerstone Planning Group LLC lifted its holdings in Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares during the period. Finally, Texas Capital Bancshares Inc TX bought a new stake in Quanta Services during the third quarter worth $38,000. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PWR shares. Truist Financial lifted their price target on Quanta Services from $643.00 to $713.00 and gave the stock a “buy” rating in a report on Monday. BNP Paribas Exane started coverage on Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. Cantor Fitzgerald lifted their price target on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Wolfe Research lifted their price target on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Roth Mkm raised their target price on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Eighteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $599.00.

Quanta Services Stock Performance

NYSE:PWR opened at $634.54 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The business has a fifty day simple moving average of $566.91 and a two-hundred day simple moving average of $489.90. Quanta Services, Inc. has a 1 year low of $272.00 and a 1 year high of $638.42. The company has a market capitalization of $95.22 billion, a P/E ratio of 93.31, a P/E/G ratio of 2.78 and a beta of 1.10.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, analysts expect that Quanta Services, Inc. will post 11.97 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were given a $0.11 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is 6.47%.

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.