Sequoia Financial Advisors LLC Boosts Stock Holdings in Quanta Services, Inc. $PWR

Sequoia Financial Advisors LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 5.5% in the second quarter, HoldingsChannel reports. The firm owned 135,883 shares of the construction company’s stock after acquiring an additional 7,039 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Quanta Services were worth $97,841,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PWR. Brighton Jones LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth about $298,000. Woodline Partners LP raised its holdings in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after purchasing an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Quanta Services during the 2nd quarter worth approximately $4,632,000. Marshall Wace LLP acquired a new position in shares of Quanta Services in the 2nd quarter valued at $996,000. Finally, StoneX Group Inc. acquired a new position in shares of Quanta Services in the 2nd quarter valued at $204,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE PWR opened at $627.62 on Thursday. The firm has a market cap of $94.36 billion, a P/E ratio of 71.89, a P/E/G ratio of 2.09 and a beta of 1.20. Quanta Services, Inc. has a 52-week low of $373.39 and a 52-week high of $788.75. The business’s 50-day moving average price is $647.11 and its 200 day moving average price is $645.49. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same period last year, the firm earned $2.48 EPS. The firm’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. On average, equities research analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services announced that its board has approved a stock repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Quanta Services Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on PWR. KeyCorp raised shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price target for the company in a research report on Friday, August 7th. Piper Sandler began coverage on Quanta Services in a research report on Tuesday. They set an “overweight” rating and a $731.00 target price on the stock. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Benchmark downgraded Quanta Services to a “sell” rating in a research note on Friday, July 31st. Finally, Truist Financial reiterated a “buy” rating and issued a $976.00 price objective (up from $940.00) on shares of Quanta Services in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued 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 currently has an average rating of “Moderate Buy” and a consensus price target of $767.72.

Quanta Services Profile

Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.

Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.