Braun Stacey Associates Inc. Has $32.47 Million Stock Position in Quanta Services, Inc. $PWR

Braun Stacey Associates Inc. lessened its holdings in Quanta Services, Inc. (NYSE:PWR) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,939 shares of the construction company’s stock after selling 5,403 shares during the quarter. Quanta Services accounts for approximately 1.1% of Braun Stacey Associates Inc.’s investment portfolio, making the stock its 28th biggest position. Braun Stacey Associates Inc. owned about 0.05% of Quanta Services worth $32,473,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Quanta Services by 5.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after acquiring an additional 2,375 shares during the last quarter. Calamos Advisors LLC grew its position in Quanta Services by 17.1% during the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after acquiring an additional 15,388 shares during the last quarter. Chilton Capital Management LLC increased its holdings in Quanta Services by 63.3% in the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Quanta Services by 59.9% in the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after purchasing an additional 16,637 shares during the last quarter. Finally, Atria Investments Inc boosted its stake in shares of Quanta Services by 20.4% during the third quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after purchasing an additional 2,340 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PWR shares. Mizuho upped their price objective on Quanta Services from $537.00 to $580.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Robert W. Baird raised their price target on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Jefferies Financial Group boosted their price objective on shares of Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, DA Davidson increased their price objective on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $593.23.

Quanta Services Price Performance

Quanta Services stock opened at $561.15 on Friday. The stock has a market capitalization of $83.96 billion, a price-to-earnings ratio of 82.52, a PEG ratio of 2.55 and a beta of 1.10. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $583.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The stock’s 50 day moving average price is $538.58 and its two-hundred day moving average price is $472.03.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion for 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%. Quanta Services’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be paid a $0.11 dividend. The ex-dividend date 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%.

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.