Wealth Enhancement Advisory Services LLC Has $31.27 Million Holdings in Quanta Services, Inc. $PWR

Wealth Enhancement Advisory Services LLC boosted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,161 shares of the construction company’s stock after purchasing an additional 2,025 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Quanta Services were worth $31,269,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Activest Wealth Management raised its position 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 buying an additional 32 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Quanta Services during the 2nd quarter worth approximately $26,000. Cornerstone Planning Group LLC grew its stake 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 worth $30,000 after acquiring an additional 49 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $38,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Up 2.3%

Quanta Services stock opened at $568.29 on Tuesday. The stock has a 50-day simple moving average of $521.04 and a 200 day simple moving average of $461.52. The stock has a market capitalization of $85.03 billion, a P/E ratio of 83.57, a PEG ratio of 2.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $583.73.

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

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on PWR shares. The Goldman Sachs Group increased their target price on shares of Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Argus boosted their price target on shares of Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. 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 note on Friday, February 20th. Jefferies Financial Group raised their price objective on Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. upped their target price on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

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.