Radnor Capital Management LLC boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 21.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,393 shares of the construction company’s stock after acquiring an additional 960 shares during the quarter. Radnor Capital Management LLC’s holdings in Quanta Services were worth $3,465,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC lifted its position in shares of Quanta Services by 2.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after buying an additional 13 shares during the last quarter. Pincus Capital Management LP boosted its stake in shares of Quanta Services by 0.4% during the 1st quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after acquiring an additional 15 shares during the period. SouthState Bank Corp boosted its stake in shares of Quanta Services by 23.5% during the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after acquiring an additional 16 shares during the period. Lewis Asset Management LLC increased its holdings in shares of Quanta Services by 2.5% during the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after acquiring an additional 17 shares during the last quarter. Finally, Stiles Financial Services Inc increased its holdings in shares of Quanta Services by 1.8% during the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.
Quanta Services News Roundup
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Exposure to grid modernization and AI infrastructure: Polen Capital highlighted Quanta Services as a beneficiary of long-term investment in power-grid modernization and infrastructure supporting artificial intelligence. This supports the bullish view that demand for the company’s engineering and construction services can remain strong. Quanta Services, Inc. (PWR) Offers Exposure to Grid Modernization and AI Infrastructure
- Positive Sentiment: Potential earnings beat: Zacks said Quanta has factors supporting a possible earnings beat in its upcoming quarterly report, including favorable earnings expectations and its Earnings ESP indicator. A stronger-than-expected result or outlook could help stabilize the shares. Quanta Services Earnings Expected to Grow
- Neutral Sentiment: Earnings are the next major catalyst: Quanta is scheduled to report results on Thursday, making revenue, margins, backlog and forward guidance particularly important after the recent share-price weakness. Quanta Services Set to Post Earnings on Thursday
- Neutral Sentiment: Analysts are also screening Quanta among construction companies that could beat quarterly estimates, reinforcing the possibility of a positive earnings surprise but offering no new company-specific results. Construction Stocks That Could Beat Earnings
- Negative Sentiment: Broad selloff and bearish options positioning: PWR declined substantially in the latest session, while unusually high put-option activity suggests traders are hedging against—or speculating on—additional downside. The move may also reflect profit-taking and concern that the stock’s premium valuation leaves little room for disappointment. Traders Buy High Volume of Quanta Services Put Options
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on PWR shares. BTIG Research cut Quanta Services to a “hold” rating in a research note on Friday, July 31st. Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $833.00 price objective on shares of Quanta Services in a report on Thursday, August 13th. Citigroup increased their price objective on shares of Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a “sell” rating in a research note on Friday, July 31st. Twenty-three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $761.24.
View Our Latest Analysis on Quanta Services
Quanta Services Trading Down 1.0%
Shares of NYSE:PWR opened at $546.89 on Friday. The company has a market capitalization of $82.22 billion, a P/E ratio of 62.64, a P/E/G ratio of 1.61 and a beta of 1.27. Quanta Services, Inc. has a 1 year low of $408.36 and a 1 year high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The business’s 50 day simple moving average is $640.38 and its 200 day simple moving average is $663.20.
Quanta Services (NYSE:PWR – Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same period in the prior year, the firm posted $2.48 EPS. Quanta Services’s quarterly revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, research analysts anticipate that Quanta Services, Inc. will post 15.37 EPS for the current fiscal year.
Quanta Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 5.04%.
Quanta Services Profile
Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.
Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.
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