HB Wealth Management LLC Decreases Stock Holdings in Quanta Services, Inc. $PWR

HB Wealth Management LLC trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,873 shares of the construction company’s stock after selling 4,112 shares during the quarter. HB Wealth Management LLC’s holdings in Quanta Services were worth $9,232,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PWR. Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Quanta Services by 5.4% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after buying an additional 2,375 shares during the last quarter. Calamos Advisors LLC increased its holdings in shares of Quanta Services by 17.1% during the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after buying an additional 15,388 shares during the last quarter. Chilton Capital Management LLC increased its holdings in shares of Quanta Services by 63.3% during the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after buying an additional 64,560 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Quanta Services by 20.4% during the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock worth $5,727,000 after buying an additional 2,340 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Quanta Services by 44.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock worth $101,743,000 after buying an additional 75,449 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Up 3.4%

Quanta Services stock opened at $634.54 on Friday. Quanta Services, Inc. has a fifty-two week low of $272.00 and a fifty-two week high of $638.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a 50 day moving average price of $566.91 and a 200 day moving average price of $489.90. The company has a market capitalization of $95.22 billion, a PE ratio of 93.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its 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. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter last year, the firm earned $2.94 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Research analysts expect that Quanta Services, Inc. will post 11.97 earnings per share for the current year.

Quanta Services Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PWR shares. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $600.00 to $650.00 in a report on Friday, March 27th. Evercore raised their price target on shares of Quanta Services from $604.00 to $635.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Robert W. Baird raised their price target on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Cantor Fitzgerald raised their price target on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Finally, Argus raised their price target on shares of Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Eighteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $599.00.

About Quanta Services

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.