Second Line Capital LLC Has $4.30 Million Stock Holdings in Quanta Services, Inc. $PWR

Second Line Capital LLC decreased its position in Quanta Services, Inc. (NYSE:PWR) by 30.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,973 shares of the construction company’s stock after selling 2,652 shares during the period. Quanta Services makes up about 0.8% of Second Line Capital LLC’s investment portfolio, making the stock its 25th biggest holding. Second Line Capital LLC’s holdings in Quanta Services were worth $4,301,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PWR. Bartlett & CO. Wealth Management LLC grew its stake in shares of Quanta Services by 2.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after purchasing an additional 13 shares during the period. Pincus Capital Management LP raised its holdings in shares of Quanta Services by 0.4% in the 1st quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after buying an additional 15 shares in the last quarter. SouthState Bank Corp lifted its position in shares of Quanta Services by 23.5% during the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after buying an additional 16 shares during the period. Lewis Asset Management LLC boosted its stake in Quanta Services by 2.5% in the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after buying an additional 17 shares in the last quarter. Finally, Stiles Financial Services Inc grew its position in Quanta Services by 1.8% in the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after acquiring an additional 17 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $623.80 on Tuesday. The business has a fifty day moving average of $650.04 and a 200-day moving average of $644.14. 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 twelve month low of $363.01 and a twelve month high of $788.75. The firm has a market cap of $93.78 billion, a PE ratio of 71.45, a price-to-earnings-growth ratio of 2.05 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 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 for the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the prior year, the company earned $2.48 EPS. The firm’s quarterly revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities research analysts predict that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

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

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 1st. Quanta Services’s dividend payout ratio is 5.04%.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of analyst reports. BTIG Research cut Quanta Services to a “hold” rating 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 report on Sunday, August 2nd. Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price for the company in a research report on Friday, July 31st. Morgan Stanley downgraded shares of Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $714.00 price target on shares of Quanta Services in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus 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.