2,278 Quanta Services, Inc. $PWR Shares Bought by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services increased its Quanta Services stake by 2.7%, buying 2,278 shares and bringing its holding to 87,243 shares, worth about $56.1 million.
• Quanta reported a strong quarter, with earnings of $6.06 per share and revenue of $12.01 billion, both above analyst estimates; revenue grew 57.4% year over year.
• Analyst sentiment is broadly favorable, but shares face headwinds from a selloff in AI-related stocks and heightened expectations after the record quarter. Analysts’ consensus rating is Moderate Buy, with an average price target of $763.81.

Commonwealth Equity Services LLC increased its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,243 shares of the construction company's stock after buying an additional 2,278 shares during the quarter. Commonwealth Equity Services LLC owned about 0.06% of Quanta Services worth $56,054,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cornerstone Financial Management LLC raised its position in Quanta Services by 70.4% in the second quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company's stock worth $33,000 after acquiring an additional 19 shares in the last quarter. Boreal Capital Management LLC acquired a new stake in Quanta Services in the 1st quarter valued at about $27,000. JNBA Financial Advisors lifted its holdings in Quanta Services by 1,733.3% in the 2nd quarter. JNBA Financial Advisors now owns 55 shares of the construction company's stock valued at $40,000 after acquiring an additional 52 shares during the last quarter. MADDEN SECURITIES Corp bought a new position in shares of Quanta Services during the 3rd quarter valued at about $48,000. Finally, Markowski Investments bought a new position in shares of Quanta Services during the 2nd quarter valued at about $55,000. Institutional investors own 90.49% of the company's stock.

Key Stories Impacting Quanta Services

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

• Positive Sentiment: Quanta’s latest reported quarter topped analyst estimates: earnings were $6.06 per share versus $5.02 expected, while revenue reached $12.01 billion versus $11.03 billion expected. The results reinforce demand for the company’s infrastructure work. Quanta Services stock faces a higher execution bar after record quarter
• Positive Sentiment: Bernstein initiated a Buy view on PWR, and Zacks Research upgraded its rating from Hold to Strong Buy, adding to favorable analyst sentiment. Quanta Services gets a Buy from Bernstein Zacks Research upgrade
• Neutral Sentiment: Oppenheimer maintained its Outperform rating after PWR fell, signaling continued confidence but no new upgrade. Oppenheimer maintains Outperform
• Negative Sentiment: A post-election backlash against the AI trade has pressured industrial and AI-infrastructure shares, with Quanta among the stocks singled out in the selloff. Weakness in AI-related stocks could weigh on PWR despite its strong fundamentals. Industrial stocks hit by AI backlash selloff
• Negative Sentiment: Following the record quarter, investors may expect continued exceptional execution, leaving less room for future results to disappoint. Execution bar after record quarter

Quanta Services Price Performance

NYSE PWR opened at $540.88 on Friday. The stock's 50-day moving average price is $628.83 and its two-hundred day moving average price is $626.39. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 0.60. The company has a market cap of $81.50 billion, a PE ratio of 48.99, a PEG ratio of 1.38 and a beta of 1.29. Quanta Services, Inc. has a 1 year low of $408.36 and a 1 year high of $788.75.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, beating analysts' consensus estimates of $5.02 by $1.04. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same period in the prior year, the firm earned $3.33 earnings per share. The business's quarterly revenue was up 57.4% on a year-over-year basis. On average, analysts predict that Quanta Services, Inc. will post 16.61 EPS for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, October 1st. Quanta Services's dividend payout ratio is 3.99%.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of research reports. The Goldman Sachs Group set a $781.00 target price on shares of Quanta Services in a report on Thursday, October 22nd. Oppenheimer reduced their target price on shares of Quanta Services from $835.00 to $800.00 and set an "outperform" rating for the company in a report on Monday, November 2nd. Truist Financial lifted their price target on shares of Quanta Services from $945.00 to $960.00 and gave the stock a "buy" rating in a research report on Tuesday, October 27th. Argus set a $800.00 price target on Quanta Services in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein upgraded Quanta Services from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $748.00 to $775.00 in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Quanta Services has a consensus rating of "Moderate Buy" and an average price target of $763.81.

About Quanta Services

Quanta Services, Inc provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure.

The company's services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

Founded in 1997, Quanta serves customers primarily in North America, with operations also extending to Australia and other international markets.

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