E. Ohman J or Asset Management AB Reduces Holdings in Quanta Services, Inc. $PWR

E. Ohman J or Asset Management AB trimmed its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,070 shares of the construction company’s stock after selling 1,460 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Quanta Services were worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Darwin Wealth Management LLC purchased a new stake in shares of Quanta Services during the second quarter valued at approximately $26,000. Activest Wealth Management increased its stake in shares of Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares during the period. Cornerstone Planning Group LLC raised its holdings in Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in Quanta Services during the 2nd quarter valued at $38,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in Quanta Services in the 3rd quarter worth $38,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 1.9%

Quanta Services stock opened at $578.39 on Wednesday. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73. The company has a market capitalization of $86.54 billion, a price-to-earnings ratio of 85.06, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The business’s fifty day simple moving average is $523.73 and its two-hundred day simple moving average is $462.97. 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 released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. The business had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. Quanta Services’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities 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 declared 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 of this dividend 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 6.47%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America upped their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. The Goldman Sachs Group raised their target price on Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. B. Riley Financial upped their price target on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wolfe Research increased their price objective on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, DA Davidson boosted 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. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target 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.