Raiffeisen Bank International AG Has $86.52 Million Stock Position in Quanta Services, Inc. $PWR

Raiffeisen Bank International AG lessened its holdings in Quanta Services, Inc. (NYSE:PWR) by 11.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,105 shares of the construction company’s stock after selling 15,895 shares during the quarter. Quanta Services accounts for approximately 1.0% of Raiffeisen Bank International AG’s investment portfolio, making the stock its 18th biggest position. Raiffeisen Bank International AG owned about 0.08% of Quanta Services worth $86,523,000 at the end of the most recent quarter.

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

Quanta Services Stock Performance

NYSE:PWR opened at $620.95 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75. The company has a 50 day simple moving average of $653.14 and a two-hundred day simple moving average of $642.74. The company has a market capitalization of $93.35 billion, a PE ratio of 71.13, a P/E/G ratio of 2.00 and a beta of 1.20.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the previous year, the company earned $2.48 EPS. The company’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. Research analysts anticipate that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services declared that its board has authorized a stock buyback program on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management 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. Investors of record on Thursday, October 1st will be issued a $0.11 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is presently 5.04%.

Analyst Ratings Changes

A number of brokerages have recently commented on PWR. Mizuho lifted their price target on Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Citigroup raised their price objective on shares of Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group reiterated a “buy” rating on shares of Quanta Services in a research report on Monday, August 17th. Robert W. Baird set a $728.00 target price on shares of Quanta Services in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. One 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 issued a Sell rating to the stock. According to MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average target price of $769.25.

Quanta Services Company 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.