Aberdeen Group plc Reduces Holdings in Quanta Services, Inc. $PWR

Aberdeen Group plc decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,348 shares of the construction company’s stock after selling 1,568 shares during the period. Aberdeen Group plc owned approximately 0.09% of Quanta Services worth $57,125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services in the second quarter valued at about $26,000. Activest Wealth Management boosted its position in Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares during the period. GPS Wealth Strategies Group LLC bought a new position in shares of Quanta Services in the 3rd quarter worth $38,000. Finally, Guerra Advisors Inc purchased a new stake in shares of Quanta Services during the 3rd quarter worth $38,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 0.1%

Shares of PWR opened at $561.15 on Friday. The firm has a market cap of $83.96 billion, a P/E ratio of 82.52, a PEG ratio of 2.55 and a beta of 1.10. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73. The stock’s 50 day moving average is $538.58 and its two-hundred day moving average is $471.38. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period in the prior year, the company posted $2.94 EPS. The business’s quarterly 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 predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is presently 6.47%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PWR shares. DA Davidson lifted 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. Truist Financial reissued 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. Mizuho lifted their price objective on shares of Quanta Services from $537.00 to $580.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Robert W. Baird boosted their price objective on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Evercore increased their target price on shares of Quanta Services from $604.00 to $635.00 and gave the company an “outperform” rating in a research report on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $593.23.

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.