Quanta Services, Inc. $PWR Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its position in Quanta Services, Inc. (NYSE:PWR) by 36.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 82,959 shares of the construction company’s stock after purchasing an additional 22,150 shares during the period. TD Waterhouse Canada Inc.’s holdings in Quanta Services were worth $57,323,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cetera Investment Advisers grew its position in shares of Quanta Services by 5.8% in the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock valued at $40,701,000 after purchasing an additional 4,087 shares in the last quarter. Evoke Wealth LLC purchased a new position in Quanta Services during the fourth quarter worth approximately $368,000. Sequoia Financial Advisors LLC lifted its position in Quanta Services by 3.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock worth $55,052,000 after buying an additional 3,966 shares in the last quarter. North Dakota State Investment Board acquired a new position in Quanta Services during the fourth quarter worth $2,131,000. Finally, Brighton Jones LLC purchased a new stake in Quanta Services in the 4th quarter valued at $298,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 1.7%

NYSE PWR opened at $620.95 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The stock has a market capitalization of $93.35 billion, a P/E ratio of 71.13, a PEG ratio of 2.00 and a beta of 1.20. The firm’s 50-day moving average is $653.14 and its two-hundred day moving average is $642.74. 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 quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period last year, the business earned $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services declared that its board has approved a stock repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Quanta Services Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on PWR shares. Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. 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 report on Friday, July 31st. Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $714.00 target price on shares of Quanta Services in a report on Tuesday, July 21st. Finally, Mizuho increased their price target on shares of Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research note 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 issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.