Daymark Wealth Partners LLC Sells 1,239 Shares of Quanta Services, Inc. $PWR

Daymark Wealth Partners LLC lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,958 shares of the construction company’s stock after selling 1,239 shares during the period. Daymark Wealth Partners LLC’s holdings in Quanta Services were worth $24,040,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of Quanta Services by 1,121.0% in the 4th quarter. SG Americas Securities LLC now owns 74,295 shares of the construction company’s stock valued at $31,357,000 after acquiring an additional 68,210 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Quanta Services by 1.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,208 shares of the construction company’s stock worth $2,198,000 after acquiring an additional 97 shares during the last quarter. Diversified Trust Co. increased its holdings in Quanta Services by 22.7% in the 4th quarter. Diversified Trust Co. now owns 6,717 shares of the construction company’s stock worth $2,835,000 after purchasing an additional 1,244 shares in the last quarter. 180 Wealth Advisors LLC raised its position in Quanta Services by 19.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 2,245 shares of the construction company’s stock valued at $947,000 after purchasing an additional 363 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in Quanta Services by 5.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 6,344 shares of the construction company’s stock valued at $2,677,000 after purchasing an additional 322 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PWR has been the topic of several research reports. Sanford C. Bernstein boosted their price target on Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Mizuho raised their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Evercore reissued an “outperform” rating and set a $604.00 target price on shares of Quanta Services in a report on Friday, February 20th. Roth Mkm restated a “buy” rating and issued a $600.00 price target on shares of Quanta Services in a research report on Friday, February 20th. Finally, UBS Group raised their price target on shares of Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Price Performance

Shares of NYSE PWR opened at $578.39 on Wednesday. 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 company has a market capitalization of $86.54 billion, a PE ratio of 85.06, a P/E/G ratio of 2.58 and a beta of 1.10. The firm has a fifty day simple moving average of $523.73 and a 200 day simple moving average of $462.97. 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 results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping 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 firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period last year, the business posted $2.94 EPS. The business’s revenue 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. On average, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s 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.