Scholtz & Company LLC Lowers Holdings in Quanta Services, Inc. $PWR

Scholtz & Company LLC lowered its position in Quanta Services, Inc. (NYSE:PWR) by 22.1% during the 2nd quarter, Holdings Channel reports. The firm owned 7,529 shares of the construction company’s stock after selling 2,131 shares during the quarter. Quanta Services comprises approximately 2.7% of Scholtz & Company LLC’s investment portfolio, making the stock its 12th largest holding. Scholtz & Company LLC’s holdings in Quanta Services were worth $5,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PWR. Cedar Mountain Advisors LLC lifted its holdings in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after buying an additional 45 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services in the second quarter valued at about $26,000. Boreal Capital Management LLC purchased a new stake in Quanta Services in the first quarter worth about $27,000. MV Capital Management Inc. bought a new position in Quanta Services during the 4th quarter worth about $30,000. Finally, Meeder Asset Management Inc. increased its position in Quanta Services by 221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after purchasing an additional 51 shares during the period. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Down 1.8%

Shares of Quanta Services stock opened at $627.62 on Thursday. 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 company has a market cap of $94.36 billion, a P/E ratio of 71.89, a PEG ratio of 2.09 and a beta of 1.20. The firm’s 50 day moving average price is $647.11 and its 200-day moving average price is $645.49. Quanta Services, Inc. has a 52-week low of $373.39 and a 52-week high of $788.75.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.61 billion. During the same period last year, the firm earned $2.48 earnings per share. Quanta Services’s 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. On average, sell-side analysts predict that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services announced that its board has approved a share 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 purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Quanta Services Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on PWR. BTIG Research cut shares of Quanta Services to a “hold” rating in a research report on Friday, July 31st. KeyCorp raised shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price objective for the company in a research note on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and set a $833.00 target price on shares of Quanta Services in a report on Thursday, August 13th. TD Cowen increased their target price on Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Mizuho lifted their price target on Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus target price 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.