7,281 Quanta Services, Inc. $PWR Shares Acquired by CenterBook Partners LP

CenterBook Partners LP grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 493.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,757 shares of the construction company’s stock after acquiring an additional 7,281 shares during the period. CenterBook Partners LP’s holdings in Quanta Services were worth $5,626,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Asset One Wealth Management LLC increased its stake in shares of Quanta Services by 127.2% in the third quarter. Asset One Wealth Management LLC now owns 768 shares of the construction company’s stock valued at $493,000 after buying an additional 430 shares during the period. International Assets Investment Management LLC raised its holdings in Quanta Services by 74.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,324 shares of the construction company’s stock worth $1,540,000 after purchasing an additional 988 shares during the last quarter. Calamos Wealth Management LLC increased its position in shares of Quanta Services by 1.9% during the third quarter. Calamos Wealth Management LLC now owns 4,458 shares of the construction company’s stock worth $2,864,000 after buying an additional 81 shares during the period. Alta Advisers Ltd lifted its holdings in Quanta Services by 88.3% in the third quarter. Alta Advisers Ltd now owns 1,083 shares of the construction company’s stock valued at $696,000 after buying an additional 508 shares during the period. Finally, Pekin Hardy Strauss Inc. boosted its position in Quanta Services by 66.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 524 shares of the construction company’s stock valued at $337,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut Quanta Services to a “sell” rating in a report on Friday, July 31st. Robert W. Baird set a $728.00 target price on Quanta Services in a research note on Friday, July 31st. Sanford C. Bernstein raised Quanta Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $748.00 to $775.00 in a research note on Thursday, September 24th. KeyCorp upgraded Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price target on the stock in a report on Friday, August 7th. Finally, Raymond James Financial set a $830.00 price objective on Quanta Services in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $763.81.

Quanta Services News Summary

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quanta’s latest reported quarter topped analyst estimates: earnings were $6.06 per share versus $5.02 expected, while revenue reached $12.01 billion versus $11.03 billion expected. The results reinforce demand for the company’s infrastructure work. Quanta Services stock faces a higher execution bar after record quarter
• Positive Sentiment: Bernstein initiated a Buy view on PWR, and Zacks Research upgraded its rating from Hold to Strong Buy, adding to favorable analyst sentiment. Quanta Services gets a Buy from Bernstein Zacks Research upgrade
• Neutral Sentiment: Oppenheimer maintained its Outperform rating after PWR fell, signaling continued confidence but no new upgrade. Oppenheimer maintains Outperform
• Negative Sentiment: A post-election backlash against the AI trade has pressured industrial and AI-infrastructure shares, with Quanta among the stocks singled out in the selloff. Weakness in AI-related stocks could weigh on PWR despite its strong fundamentals. Industrial stocks hit by AI backlash selloff
• Negative Sentiment: Following the record quarter, investors may expect continued exceptional execution, leaving less room for future results to disappoint. Execution bar after record quarter

Quanta Services Stock Up 6.3%

PWR traded up $31.82 during mid-day trading on Friday, reaching $540.88. 2,775,356 shares of the stock were exchanged, compared to its average volume of 1,301,242. Quanta Services, Inc. has a 1 year low of $408.36 and a 1 year high of $788.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.13 and a current ratio of 1.16. The stock has a market capitalization of $81.50 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.29. The company has a 50 day moving average price of $628.83 and a two-hundred day moving average price of $626.39.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.02 by $1.04. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.03 billion. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.33 EPS. As a group, research analysts anticipate that Quanta Services, Inc. will post 16.61 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 3.99%.

About Quanta Services

Quanta Services, Inc provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure.

The company’s services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

Founded in 1997, Quanta serves customers primarily in North America, with operations also extending to Australia and other international markets.