Sarasin & Partners LLP decreased its position in Quanta Services, Inc. (NYSE:PWR – Free Report) by 18.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,775 shares of the construction company’s stock after selling 37,972 shares during the period. Quanta Services accounts for 1.4% of Sarasin & Partners LLP’s portfolio, making the stock its 26th largest position. Sarasin & Partners LLP’s holdings in Quanta Services were worth $118,645,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC increased its holdings in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Quanta Services during the second quarter worth about $26,000. Boreal Capital Management LLC acquired a new position in shares of Quanta Services during the 1st quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of Quanta Services in the 4th quarter valued at about $28,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Quanta Services in the 4th quarter valued at approximately $30,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.
Quanta Services Trading Down 2.4%
Shares of Quanta Services stock opened at $666.67 on Friday. The stock has a market cap of $100.23 billion, a P/E ratio of 76.37, a P/E/G ratio of 2.25 and a beta of 1.23. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. The business’s 50 day moving average is $676.08 and its 200-day moving average is $620.04.
Quanta Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Quanta Services’s dividend payout ratio is presently 5.04%.
Quanta Services announced that its board has initiated a stock repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Trending Headlines about Quanta Services
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Quanta raised its 2026 revenue, earnings, adjusted EBITDA and free-cash-flow outlook after exceeding second-quarter expectations. Its record backlog points to sustained demand for power-grid, energy and data-center infrastructure. How Quanta’s Raised 2026 Outlook Could Reshape Its Growth Story Ahead
- Positive Sentiment: Recent acquisitions are expanding Quanta’s reach in power infrastructure and data centers, potentially increasing its addressable market as electricity demand accelerates. Is Quanta’s Raised 2026 Outlook Just the Start of a Bigger Story?
- Positive Sentiment: Analyst commentary remains supportive, including Truist’s reaffirmed Buy rating and Mizuho’s increased price target of $741. Other coverage highlights Quanta’s earnings growth, cash generation and favorable infrastructure trends. Mizuho Boosts Quanta Services Price Target
- Neutral Sentiment: Growth-focused analysis identifies PWR as a strong growth stock, supported by its operating momentum and backlog. However, these assessments are largely investor-style and factor-based rather than new company announcements. Here’s Why Quanta Services Is a Strong Growth Stock
- Negative Sentiment: Valuation remains the key concern. With PWR trading at a premium to relevant benchmarks, investors may demand continued earnings and cash-flow acceleration before pushing the shares higher. Is PWR a Buy Today as Growth Accelerates but Valuation Stays High
- Negative Sentiment: The stock has declined 11.7% over the past three months despite improving fundamentals, suggesting profit-taking, valuation concerns or high expectations are currently offsetting the favorable outlook. Why PWR Is Down 11.7% in Three Months
Wall Street Analysts Forecast Growth
Several research firms have weighed in on PWR. TD Cowen increased their target price on shares of Quanta Services from $775.00 to $785.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial reissued a “buy” rating and issued a $976.00 price target (up from $940.00) on shares of Quanta Services in a report on Monday. Evercore upped their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Citigroup lifted their target price on Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, UBS Group assumed coverage on Quanta Services in a research note on Friday, July 31st. They issued a “buy” rating for the company. Twenty-one investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $767.21.
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.
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