National Pension Service increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 9.0% in the second quarter, Holdings Channel.com reports. The firm owned 311,932 shares of the construction company’s stock after purchasing an additional 25,875 shares during the quarter. National Pension Service’s holdings in Quanta Services were worth $224,604,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in Quanta Services in the fourth quarter valued at approximately $298,000. Woodline Partners LP lifted its position in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Quanta Services during the second quarter worth approximately $4,632,000. Marshall Wace LLP acquired a new position in shares of Quanta Services in the second quarter valued at approximately $996,000. Finally, StoneX Group Inc. bought a new position in shares of Quanta Services during the second quarter worth approximately $204,000. Institutional investors own 90.49% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on PWR shares. Guggenheim upgraded Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft downgraded Quanta Services to a “sell” rating in a report on Friday, July 31st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $714.00 price target on shares of Quanta Services in a research note on Tuesday, July 21st. UBS Group reaffirmed a “buy” rating on shares of Quanta Services in a research report on Monday, August 17th. Finally, BTIG Research downgraded shares of Quanta Services to a “hold” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $767.72.
Quanta Services Stock Performance
NYSE:PWR opened at $618.90 on Friday. The company has a market cap of $93.05 billion, a price-to-earnings ratio of 70.89, a PEG ratio of 2.05 and a beta of 1.20. Quanta Services, Inc. has a fifty-two week low of $373.39 and a fifty-two week high of $788.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The stock has a fifty day moving average price of $646.13 and a 200-day moving average price of $645.96.
Quanta Services (NYSE:PWR – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Quanta Services’s revenue for the quarter was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities analysts anticipate that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.
Quanta Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be given a $0.11 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is presently 5.04%.
Quanta Services announced that its board has initiated a stock buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
Quanta Services Profile
Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.
Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.
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