Azzad Asset Management Inc. ADV Sells 1,170 Shares of Quanta Services, Inc. $PWR

Azzad Asset Management Inc. ADV cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,859 shares of the construction company’s stock after selling 1,170 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Quanta Services were worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PWR. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Quanta Services by 57.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after purchasing an additional 882,209 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Quanta Services by 35.6% during 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 purchasing an additional 765,822 shares during the last quarter. Select Equity Group L.P. grew its holdings in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after purchasing an additional 416,395 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after purchasing an additional 386,937 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in shares of Quanta Services during the 3rd quarter valued at approximately $97,080,000. 90.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PWR has been the topic of several research reports. Truist Financial reaffirmed a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Wolfe Research lifted their price target on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Bank of America lifted 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. Finally, Evercore boosted their target price on shares of Quanta Services from $604.00 to $635.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average target price of $593.23.

Quanta Services Trading Down 1.1%

PWR opened at $554.42 on Tuesday. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $583.73. 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 firm has a market capitalization of $82.95 billion, a price-to-earnings ratio of 81.53, a PEG ratio of 2.55 and a beta of 1.10. The company’s 50 day moving average price is $540.25 and its two-hundred day moving average price is $473.86.

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. 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 analyst estimates of $7.38 billion. During the same period in the previous year, the firm posted $2.94 EPS. The company’s revenue for the quarter 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. As a group, research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be given 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 6.47%.

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.