Hennion & Walsh Asset Management Inc. Acquires 988 Shares of Quanta Services, Inc. $PWR

Hennion & Walsh Asset Management Inc. grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,926 shares of the construction company’s stock after buying an additional 988 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Quanta Services were worth $8,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Stegent Equity Advisors Inc. acquired a new stake in shares of Quanta Services in the 4th quarter worth about $655,000. Barnes Dennig Private Wealth Management LLC boosted its stake in Quanta Services by 5.7% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 518 shares of the construction company’s stock valued at $219,000 after purchasing an additional 28 shares during the last quarter. USA Financial Formulas bought a new stake in Quanta Services during the 4th quarter worth approximately $608,000. Acropolis Investment Management LLC purchased a new stake in shares of Quanta Services in the fourth quarter worth approximately $264,000. Finally, Mechanics Bank Trust Department raised its stake in shares of Quanta Services by 6.5% in the fourth quarter. Mechanics Bank Trust Department now owns 6,948 shares of the construction company’s stock worth $2,932,000 after purchasing an additional 425 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Bank of America lifted their target price on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Sanford C. Bernstein increased their price target on Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a research report on Tuesday, February 24th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Roth Mkm reiterated a “buy” rating and issued a $600.00 target price on shares of Quanta Services in a research note on Friday, February 20th. Finally, Truist Financial reissued a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Eighteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $587.91.

Quanta Services Trading Up 0.0%

Shares of PWR stock opened at $549.99 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The firm has a market cap of $82.29 billion, a P/E ratio of 80.88, a PEG ratio of 2.50 and a beta of 1.10. The company has a 50 day moving average of $530.07 and a 200-day moving average of $466.70. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $583.73.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the prior year, the business earned $2.94 earnings per share. Quanta Services’s revenue for the quarter 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 anticipate 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 paid a dividend of $0.11 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is presently 6.47%.

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.