Florida Trust Wealth Management Co Has $4.43 Million Stock Holdings in Quanta Services, Inc. $PWR

Florida Trust Wealth Management Co lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 14.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,502 shares of the construction company’s stock after purchasing an additional 1,330 shares during the period. Florida Trust Wealth Management Co’s holdings in Quanta Services were worth $4,432,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC boosted its holdings in shares of Quanta Services by 2.8% during the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after buying an additional 23 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Quanta Services by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after acquiring an additional 23 shares in the last quarter. Wealth Alliance LLC lifted its position in shares of Quanta Services by 1.4% during the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock valued at $678,000 after acquiring an additional 23 shares during the period. Petros Family Wealth LLC boosted its stake in Quanta Services by 2.2% during the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after acquiring an additional 24 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its stake in Quanta Services by 15.2% during the third quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock worth $75,000 after acquiring an additional 24 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Up 0.1%

Shares of NYSE PWR opened at $561.15 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The company has a 50-day moving average price of $538.58 and a 200-day moving average price of $472.71. The stock has a market capitalization of $83.96 billion, a P/E ratio of 82.52, a P/E/G ratio of 2.55 and a beta of 1.10. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $583.73.

Quanta Services (NYSE:PWR) last posted its 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. The company 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%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced 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 payout ratio is presently 6.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PWR shares. JPMorgan Chase & Co. lifted their price target on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. TD Cowen raised their target price on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Jefferies Financial Group boosted their target price on Quanta Services from $634.00 to $654.00 and gave the company a “buy” rating in a research report on Thursday. B. Riley Financial increased their price target on Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Cantor Fitzgerald raised their price objective on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $593.23.

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.