AIA Group Ltd Takes Position in Quanta Services, Inc. $PWR

AIA Group Ltd bought a new position in Quanta Services, Inc. (NYSE:PWR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,718 shares of the construction company’s stock, valued at approximately $1,955,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Activest Wealth Management raised its stake in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after acquiring an additional 32 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Quanta Services during the 2nd quarter valued at about $26,000. Cornerstone Planning Group LLC boosted its position in Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new position in Quanta Services in the third quarter valued at about $38,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in Quanta Services during the third quarter worth about $38,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR stock opened at $555.73 on Friday. The company’s 50-day moving average price is $518.34 and its two-hundred day moving average price is $458.97. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The firm has a market cap of $83.15 billion, a P/E ratio of 81.72, a P/E/G ratio of 2.63 and a beta of 1.10.

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

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be issued 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 6.47%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PWR shares. Wolfe Research lifted their target price on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Stifel Nicolaus set a $647.00 price objective on Quanta Services in a research report on Monday, February 23rd. Truist Financial restated a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Finally, B. Riley Financial upped their price target on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services 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.