1,599 Shares in Quanta Services, Inc. $PWR Acquired by Cooper Financial Group

Cooper Financial Group acquired a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,599 shares of the construction company's stock, valued at approximately $1,151,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in shares of Quanta Services by 2.1% during the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company's stock worth $2,619,626,000 after acquiring an additional 126,014 shares in the last quarter. Geode Capital Management LLC lifted its stake in Quanta Services by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company's stock worth $1,718,371,000 after purchasing an additional 110,360 shares during the last quarter. Bank of America Corp DE boosted its holdings in Quanta Services by 5.4% in the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company's stock valued at $1,891,215,000 after purchasing an additional 175,184 shares in the last quarter. Victory Capital Management Inc. increased its stake in Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company's stock valued at $1,230,493,000 after purchasing an additional 758,862 shares during the last quarter. Finally, Norges Bank acquired a new stake in Quanta Services during the fourth quarter worth approximately $817,285,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Analyst upgrade: Zacks Research upgraded Quanta Services from “hold” to “strong-buy,” adding a potential catalyst for the stock. Zacks.com
• Positive Sentiment: Higher 2026 outlook: Coverage highlights Quanta’s raised full-year revenue, earnings, adjusted EBITDA and free-cash-flow forecasts following better-than-expected second-quarter results. The company’s 2026 EPS guidance is $16.45-$16.95. How Quanta's Raised 2026 Outlook Could Reshape Its Growth Story Ahead
• Positive Sentiment: Secular demand remains strong: Analysts point to power-generation investment, record backlog and expanding infrastructure needs from utilities, power projects and data centers. Acquisitions are also broadening Quanta’s reach in these markets. Is Quanta's Raised 2026 Outlook Just the Start of a Bigger Story?
• Positive Sentiment: Growth profile attracts investors: Zacks commentary cites accelerating earnings, rising cash generation and strong growth characteristics, while separate analyst coverage remains bullish on PWR among industrial-goods stocks. 3 Reasons Growth Investors Will Love Quanta Services
• Neutral Sentiment: Comparisons with construction-sector peers suggest Quanta’s performance is being evaluated against broader industry trends; the coverage does not identify a new company-specific operational issue. Are Construction Stocks Lagging Quanta Services?
• Negative Sentiment: Valuation is a risk: Despite strong growth and infrastructure demand, PWR trades at a premium valuation, which could limit upside or increase volatility if growth expectations weaken. Is PWR a Buy Today as Growth Accelerates but Valuation Stays High

Wall Street Analyst Weigh In

PWR has been the subject of several research analyst reports. Guggenheim upgraded shares of Quanta Services from a "neutral" rating to a "buy" rating and set a $800.00 price objective for the company in a research note on Friday, July 31st. Citigroup boosted their target price on Quanta Services from $837.00 to $871.00 and gave the company a "buy" rating in a report on Friday, July 31st. Stifel Nicolaus set a $784.00 target price on Quanta Services in a research report on Friday, May 1st. Wall Street Zen raised Quanta Services from a "hold" rating to a "buy" rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings upgraded Quanta Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $767.21.

Quanta Services Stock Up 0.6%

Quanta Services stock opened at $671.64 on Friday. The stock has a 50 day moving average of $675.30 and a two-hundred day moving average of $620.40. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. The stock has a market capitalization of $100.97 billion, a price-to-earnings ratio of 76.93, a PEG ratio of 2.20 and a beta of 1.23. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 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 business had revenue of $9.56 billion during the quarter, compared to analysts' expectations of $8.61 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The company's quarterly revenue 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, research analysts expect that Quanta Services, Inc. will post 15.33 earnings per share for the current year.

Quanta Services announced that its Board of Directors has authorized a share buyback 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 shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

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. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services's payout ratio is presently 5.04%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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