Bourne Lent Asset Management Inc. Lowers Position in Quanta Services, Inc. $PWR

Bourne Lent Asset Management Inc. reduced its position in Quanta Services, Inc. (NYSE:PWR) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,800 shares of the construction company’s stock after selling 970 shares during the quarter. Quanta Services makes up 3.9% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 8th largest holding. Bourne Lent Asset Management Inc.’s holdings in Quanta Services were worth $11,733,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PWR. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the 2nd quarter worth about $26,000. Activest Wealth Management lifted its position in shares of Quanta Services by 94.1% during the 3rd 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 boosted its stake in Quanta Services by 213.0% in 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 in the last quarter. Berbice Capital Management LLC acquired a new position in Quanta Services during the second quarter worth $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in Quanta Services during the third quarter worth $38,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR opened at $549.99 on Friday. The stock has a 50 day simple moving average of $530.07 and a 200 day simple moving average of $465.52. 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 firm has a market capitalization of $82.29 billion, a PE ratio of 80.88, a P/E/G ratio of 2.48 and a beta of 1.10.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same period last year, the company posted $2.94 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Sell-side analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be issued 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 dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is presently 6.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their target price 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. Evercore reissued an “outperform” rating and set a $604.00 price target 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. Jefferies Financial Group raised their price objective on shares of Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Finally, Mizuho boosted their target price on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Eighteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $587.91.

Quanta Services Company 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.