HighTower Advisors LLC Boosts Position in Quanta Services, Inc. $PWR

HighTower Advisors LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 11.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 145,627 shares of the construction company’s stock after purchasing an additional 14,866 shares during the period. HighTower Advisors LLC owned about 0.10% of Quanta Services worth $104,858,000 at the end of the most recent reporting period.

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

Quanta Services Trading Down 0.1%

Shares of PWR stock opened at $623.80 on Monday. The firm’s 50-day simple moving average is $651.88 and its 200-day simple moving average is $643.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. The firm has a market cap of $93.78 billion, a P/E ratio of 71.45, a PEG ratio of 2.05 and a beta of 1.20.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results 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. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. Quanta Services’s revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities analysts forecast that Quanta Services, Inc. will post 15.35 EPS for the current year.

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

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders 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 dividend yield of 0.1%. The ex-dividend date is Thursday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 5.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Cowen increased their target price on Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a report on Monday, August 3rd. KeyCorp raised Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price target for the company in a report on Friday, August 7th. Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. CICC Research assumed coverage on Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective for the company. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $748.00 target price on shares of Quanta Services in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $769.25.

About Quanta Services

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.