Fiduciary Alliance LLC Reduces Stock Position in Quanta Services, Inc. $PWR

Fiduciary Alliance LLC cut its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,689 shares of the construction company’s stock after selling 1,080 shares during the quarter. Fiduciary Alliance LLC’s holdings in Quanta Services were worth $8,310,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Quanta Services by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after acquiring an additional 386,937 shares during the last quarter. State Street Corp increased its holdings in shares of Quanta Services by 1.2% in the 3rd quarter. State Street Corp now owns 6,080,747 shares of the construction company’s stock valued at $2,519,983,000 after acquiring an additional 73,460 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Quanta Services by 35.6% in the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after acquiring an additional 765,822 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Quanta Services by 57.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after acquiring an additional 882,209 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Quanta Services by 8.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,156,578 shares of the construction company’s stock valued at $893,139,000 after acquiring an additional 174,083 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PWR. Bank of America boosted their price target on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. Cantor Fitzgerald boosted their price target on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Robert W. Baird boosted their price target on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a report on Friday, February 20th. B. Riley Financial boosted their price target on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Citigroup boosted their price target on Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a report on Friday, February 20th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $595.50.

Quanta Services Trading Up 1.0%

NYSE:PWR opened at $581.72 on Friday. Quanta Services, Inc. has a 12-month low of $251.04 and a 12-month high of $592.58. The firm has a market capitalization of $87.04 billion, a P/E ratio of 85.55, a P/E/G ratio of 2.62 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The business has a 50 day simple moving average of $545.63 and a 200 day simple moving average of $476.47.

Quanta Services (NYSE:PWR) last released its quarterly earnings data 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. 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 analyst estimates of $7.38 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The business 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. The ex-dividend date is Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s payout ratio is currently 6.47%.

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.