Spire Wealth Management Has $9.25 Million Stake in Quanta Services, Inc. $PWR

Spire Wealth Management lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,921 shares of the construction company’s stock after selling 3,799 shares during the period. Spire Wealth Management’s holdings in Quanta Services were worth $9,252,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PWR. Darwin Wealth Management LLC acquired a new stake in Quanta Services during the second quarter worth approximately $26,000. Activest Wealth Management raised its holdings in Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Quanta Services during the 2nd quarter worth $38,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of Quanta Services in the third quarter worth $38,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Up 0.8%

Shares of NYSE PWR opened at $549.99 on Friday. The company has a market cap of $82.29 billion, a price-to-earnings ratio of 80.88, a PEG ratio of 2.50 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73. The stock has a 50-day moving average price of $530.07 and a two-hundred day moving average price of $466.16.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. The company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is 6.47%.

Wall Street Analysts Forecast Growth

PWR has been the subject of several recent analyst reports. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Wolfe Research boosted their target price on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. TD Cowen upped their price target on shares of Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Finally, Truist Financial restated a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $587.91.

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.