Nordea Investment Management AB Lowers Stock Holdings in Quanta Services, Inc. $PWR

Nordea Investment Management AB reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 535,868 shares of the construction company’s stock after selling 87,294 shares during the quarter. Nordea Investment Management AB owned about 0.36% of Quanta Services worth $228,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in shares of Quanta Services during the fourth quarter valued at $298,000. Woodline Partners LP boosted its stake in Quanta Services by 40.7% in the 1st 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 in the last quarter. MAI Capital Management grew its position in Quanta Services by 3.9% during the 2nd quarter. MAI Capital Management now owns 17,594 shares of the construction company’s stock valued at $6,652,000 after purchasing an additional 657 shares during the last quarter. Franklin Resources Inc. increased its stake in Quanta Services by 2.4% during the 2nd quarter. Franklin Resources Inc. now owns 431,699 shares of the construction company’s stock valued at $163,217,000 after purchasing an additional 10,085 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its stake in Quanta Services by 25.7% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,284 shares of the construction company’s stock valued at $1,242,000 after purchasing an additional 671 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. B. Riley Financial upped their target price on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Roth Mkm restated a “buy” rating and issued a $600.00 price objective on shares of Quanta Services in a report on Friday, February 20th. TD Cowen upped their price objective on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. DA Davidson increased their target price on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Stock Down 3.8%

PWR opened at $555.73 on Monday. The stock has a market capitalization of $83.15 billion, a price-to-earnings ratio of 81.72, a PEG ratio of 2.52 and a beta of 1.10. The firm has a 50 day moving average price of $518.34 and a 200-day moving average price of $460.17. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve 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.

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

Quanta Services Announces Dividend

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 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 is Thursday, April 2nd. Quanta Services’s dividend payout ratio is 6.47%.

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.