Flputnam Investment Management Co. Increases Stock Position in Quanta Services, Inc. $PWR

Flputnam Investment Management Co. increased its holdings in Quanta Services, Inc. (NYSE:PWR) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,265 shares of the construction company’s stock after buying an additional 2,096 shares during the period. Flputnam Investment Management Co.’s holdings in Quanta Services were worth $13,152,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Boreal Capital Management LLC purchased a new stake in shares of Quanta Services during the first quarter worth $27,000. Cedar Mountain Advisors LLC grew its position in shares of Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services during the 2nd quarter valued at $26,000. MV Capital Management Inc. purchased a new stake in Quanta Services during the 4th quarter worth about $30,000. Finally, Brown Lisle Cummings Inc. boosted its stake in Quanta Services by 825.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 74 shares of the construction company’s stock worth $41,000 after purchasing an additional 66 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 3.0%

Shares of NYSE PWR opened at $603.18 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $661.49 and a 200-day moving average of $639.21. The firm has a market capitalization of $90.68 billion, a price-to-earnings ratio of 69.09, a PEG ratio of 1.98 and a beta of 1.23. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same period in the previous year, the business posted $2.48 earnings per share. Quanta Services’s revenue for the quarter was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Sell-side analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

Quanta Services declared that its board has initiated a share repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

PWR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut Quanta Services to a “sell” rating in a research report on Friday, July 31st. Mizuho raised their price objective on shares of Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Guggenheim raised shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price objective for the company in a research note on Friday, July 31st. Oppenheimer upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price on the stock in a research note on Thursday, May 28th. Finally, Morgan Stanley downgraded shares of Quanta Services to an “underweight” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $769.25.

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.