Gradient Investments LLC Sells 13,310 Shares of Quanta Services, Inc. $PWR

Gradient Investments LLC lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,159 shares of the construction company’s stock after selling 13,310 shares during the quarter. Gradient Investments LLC’s holdings in Quanta Services were worth $24,125,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PWR. Activest Wealth Management boosted its holdings in shares of Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after buying an additional 32 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Quanta Services during the second quarter worth $26,000. Cornerstone Planning Group LLC lifted its stake 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 acquiring an additional 49 shares during the last quarter. Texas Capital Bancshares Inc TX acquired a new stake in Quanta Services in the third quarter valued at $38,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of Quanta Services in the 3rd quarter valued at about $38,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Down 3.8%

Quanta Services stock opened at $555.73 on Monday. The company’s 50-day moving average price is $518.34 and its two-hundred day moving average price is $460.17. 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 stock has a market cap of $83.15 billion, a P/E ratio of 81.72, a P/E/G ratio of 2.52 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $583.73.

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

Quanta Services Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on PWR. The Goldman Sachs Group upped their target price on shares of Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. boosted their price target on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. UBS Group upped their price objective on Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Truist Financial reaffirmed a “buy” rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Finally, B. Riley Financial boosted their target price on Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.