2,177 Quanta Services, Inc. $PWR Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR) by 10.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,869 shares of the construction company’s stock after selling 2,177 shares during the quarter. Parallel Advisors LLC’s holdings in Quanta Services were worth $11,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Quanta Services by 4.7% in the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after acquiring an additional 296,893 shares during the period. Bank of America Corp DE lifted its position in Quanta Services by 5.4% in the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after purchasing an additional 175,184 shares during the period. Royal Bank of Canada lifted its position in Quanta Services by 7.1% in the first quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock worth $694,415,000 after purchasing an additional 83,363 shares during the period. First Trust Advisors LP boosted its stake in Quanta Services by 18.3% during the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock worth $551,170,000 after buying an additional 155,529 shares in the last quarter. Finally, Amundi boosted its stake in Quanta Services by 10.3% during the first quarter. Amundi now owns 580,718 shares of the construction company’s stock worth $318,826,000 after buying an additional 54,237 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PWR shares. Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a research note on Friday, July 31st. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Argus set a $800.00 target price on shares of Quanta Services in a research report on Wednesday, August 5th. The Goldman Sachs Group set a $781.00 target price on shares of Quanta Services in a research note on Thursday, October 22nd. Finally, Morgan Stanley lowered shares of Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $763.81.

Quanta Services Price Performance

PWR stock traded up $31.82 during trading on Friday, hitting $540.88. The company had a trading volume of 2,775,356 shares, compared to its average volume of 1,301,242. The company has a fifty day moving average price of $628.83 and a two-hundred day moving average price of $626.39. Quanta Services, Inc. has a fifty-two week low of $408.36 and a fifty-two week high of $788.75. The company has a market cap of $81.50 billion, a P/E ratio of 48.99, a P/E/G ratio of 1.62 and a beta of 1.29. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 0.60.

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

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services’s dividend payout ratio is currently 3.99%.

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 Company Profile

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.