Quanta Services, Inc. $PWR Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its holdings in Quanta Services, Inc. (NYSE:PWR) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,243 shares of the construction company’s stock after acquiring an additional 2,278 shares during the period. Commonwealth Equity Services LLC’s holdings in Quanta Services were worth $56,054,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PWR. State Street Corp grew its stake in Quanta Services by 4.7% during the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after acquiring an additional 296,893 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Quanta Services by 3,657.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company’s stock valued at $121,600,000 after purchasing an additional 215,591 shares during the period. Corient Private Wealth LP lifted its position in shares of Quanta Services by 731.3% in the second quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company’s stock worth $151,273,000 after purchasing an additional 184,819 shares in the last quarter. Bank of America Corp DE lifted its position in shares of 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 in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of 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 purchasing an additional 155,529 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of PWR stock opened at $540.88 on Friday. Quanta Services, Inc. has a fifty-two week low of $408.36 and a fifty-two week high of $788.75. The stock’s 50-day moving average is $628.83 and its two-hundred day moving average is $626.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 1.13. The firm has a market cap of $81.50 billion, a P/E ratio of 48.99, a PEG ratio of 1.38 and a beta of 1.29.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $1.04. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. The firm’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.33 EPS. Analysts predict that Quanta Services, Inc. will post 16.61 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were given 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 (DPR) is presently 3.99%.

Analysts Set New Price Targets

A number of brokerages recently commented on PWR. Sanford C. Bernstein raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $748.00 to $775.00 in a research report on Thursday, September 24th. Citigroup increased their target price on shares of Quanta Services from $871.00 to $882.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price for the company in a research report on Friday, July 31st. Robert W. Baird set a $728.00 target price on shares of Quanta Services in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $763.81.

More Quanta Services News

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.