Nykredit A S Invests $41.84 Million in Quanta Services, Inc. $PWR

Nykredit A S acquired a new stake in Quanta Services, Inc. (NYSE:PWR) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 58,102 shares of the construction company’s stock, valued at approximately $41,836,000.

A number of other hedge funds and other institutional investors 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. Boreal Capital Management LLC purchased a new position in Quanta Services during the 1st quarter valued at about $27,000. MV Capital Management Inc. bought a new stake in shares of Quanta Services in the 4th quarter valued at about $30,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Quanta Services by 266.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock valued at $32,000 after purchasing an additional 56 shares in the last quarter. Finally, Cornerstone Financial Management LLC boosted its position in Quanta Services by 70.4% during the 2nd quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company’s stock valued at $33,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $636.20 on Friday. The stock has a market capitalization of $95.65 billion, a price-to-earnings ratio of 72.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The business has a 50-day moving average of $641.46 and a 200 day moving average of $648.06. Quanta Services, Inc. has a 12 month low of $382.24 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $8.61 billion. During the same period last year, the firm earned $2.48 earnings per share. The company’s revenue for the quarter 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. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 15.33 earnings per share for the current year.

Quanta Services announced that its Board of Directors has authorized a share buyback plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st 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, October 1st. Quanta Services’s dividend payout ratio (DPR) is presently 5.04%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Benchmark cut Quanta Services to a “sell” rating in a research report on Friday, July 31st. Truist Financial restated a “buy” rating and set a $976.00 price target (up from $940.00) on shares of Quanta Services in a research note on Monday, August 3rd. Piper Sandler initiated coverage on shares of Quanta Services in a report on Tuesday, September 8th. They issued an “overweight” rating and a $731.00 price target for the company. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 11th. Finally, Citigroup raised their price target on shares of Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average price target 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.