Quanta Services, Inc. $PWR Holdings Decreased by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 96.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,071 shares of the construction company’s stock after selling 102,140 shares during the period. Wellington Management Group LLP’s holdings in Quanta Services were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Ballast Inc. purchased a new position in Quanta Services during the 2nd quarter valued at about $451,000. Tema ETFs LLC boosted its holdings in shares of Quanta Services by 58.1% during the second quarter. Tema ETFs LLC now owns 62,648 shares of the construction company’s stock worth $45,109,000 after purchasing an additional 23,024 shares during the period. Fulcrum Equity Management purchased a new position in Quanta Services during the second quarter valued at approximately $276,000. Wealthcare Advisory Partners LLC grew its position in Quanta Services by 10.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 611 shares of the construction company’s stock valued at $440,000 after purchasing an additional 60 shares in the last quarter. Finally, Revolve Wealth Partners LLC acquired a new position in Quanta Services in the 2nd quarter valued at approximately $244,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PWR shares. Robert W. Baird set a $728.00 target price on shares of Quanta Services in a research note on Friday, July 31st. Weiss Ratings lowered Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Cantor Fitzgerald assumed coverage on Quanta Services in a research report on Friday, July 31st. They set an “outperform” rating for the company. Citigroup boosted their target price on Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $767.72.

Quanta Services Stock Down 1.3%

Shares of Quanta Services stock opened at $618.90 on Friday. Quanta Services, Inc. has a 12-month low of $373.39 and a 12-month high of $788.75. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average price of $646.13 and a two-hundred day moving average price of $645.96. The stock has a market capitalization of $93.05 billion, a P/E ratio of 70.89, a PEG ratio of 2.05 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating 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 company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same quarter last year, the firm posted $2.48 earnings per share. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

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. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 5.04%.

Quanta Services announced that its board has initiated a share buyback plan 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 plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Quanta Services Company 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.