Quanta Services, Inc. $PWR Holdings Cut by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,799 shares of the construction company’s stock after selling 1,638 shares during the period. Bourgeon Capital Management LLC’s holdings in Quanta Services were worth $7,090,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its position in Quanta Services by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after purchasing an additional 386,937 shares during the last quarter. State Street Corp grew its stake 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 buying an additional 73,460 shares in the last quarter. Bank of America Corp DE grew its stake 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 buying an additional 765,822 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after buying an additional 882,209 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Quanta Services by 8.8% during the third 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 in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. B. Riley Financial boosted their target price on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Bank of America raised their price target on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. The Goldman Sachs Group lifted their price objective on shares of Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Roth Mkm reissued a “buy” rating and set a $600.00 target price on shares of Quanta Services in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their target price on Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Eighteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $589.86.

Quanta Services Trading Up 2.8%

NYSE:PWR opened at $548.70 on Wednesday. The company’s 50 day moving average is $533.11 and its 200-day moving average is $468.88. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73. The firm has a market cap of $82.10 billion, a price-to-earnings ratio of 80.69, a P/E/G ratio of 2.42 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its earnings results 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. The business had revenue of $7.84 billion for 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 posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be paid a $0.11 dividend. 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 payout ratio is presently 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.