Quanta Services, Inc. $PWR Shares Acquired by Trust Point Inc.

Trust Point Inc. boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 4.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 73,777 shares of the construction company’s stock after purchasing an additional 3,131 shares during the period. Quanta Services accounts for 2.5% of Trust Point Inc.’s holdings, making the stock its 6th biggest holding. Trust Point Inc.’s holdings in Quanta Services were worth $31,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in PWR. Brighton Jones LLC acquired a new position in shares of Quanta Services during the fourth quarter valued at $298,000. Woodline Partners LP lifted its holdings in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after purchasing an additional 3,606 shares during the period. American Century Companies Inc. lifted its holdings in Quanta Services by 4.9% in the second quarter. American Century Companies Inc. now owns 169,681 shares of the construction company’s stock worth $64,153,000 after purchasing an additional 7,934 shares during the period. CreativeOne Wealth LLC grew its position in Quanta Services by 13.8% in the 2nd quarter. CreativeOne Wealth LLC now owns 2,716 shares of the construction company’s stock valued at $1,027,000 after buying an additional 329 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Quanta Services by 39.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 13,633 shares of the construction company’s stock valued at $5,155,000 after buying an additional 3,839 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PWR. Roth Mkm reaffirmed a “buy” rating and issued a $600.00 price target on shares of Quanta Services in a research note on Friday, February 20th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Bank of America boosted their target price on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. The Goldman Sachs Group increased their price target on Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Truist Financial reiterated a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Stock Performance

Shares of PWR opened at $545.27 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The firm’s 50 day moving average is $528.41 and its 200-day moving average is $464.31. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $583.73. The stock has a market capitalization of $81.58 billion, a P/E ratio of 80.19, a P/E/G ratio of 2.61 and a beta of 1.10.

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

Quanta Services Announces Dividend

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

Quanta Services Company Profile

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.