Consilium Wealth Advisory LLC acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,289 shares of the construction company's stock, valued at approximately $966,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company's stock worth $7,519,079,000 after purchasing an additional 386,937 shares in the last quarter. State Street Corp increased its position in Quanta Services by 1.2% during the 3rd quarter. State Street Corp now owns 6,080,747 shares of the construction company's stock worth $2,519,983,000 after purchasing an additional 73,460 shares in the last quarter. Bank of America Corp DE increased its position in Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company's stock worth $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Victory Capital Management Inc. increased its position in Quanta Services by 8.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,156,578 shares of the construction company's stock worth $893,139,000 after purchasing an additional 174,083 shares in the last quarter. Finally, Invesco Ltd. increased its position in Quanta Services by 5.4% during the 3rd quarter. Invesco Ltd. now owns 1,805,239 shares of the construction company's stock worth $748,127,000 after purchasing an additional 93,290 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
PWR has been the topic of a number of research reports. Evercore boosted their target price on shares of Quanta Services from $604.00 to $635.00 and gave the stock an "outperform" rating in a report on Wednesday, April 1st. Wolfe Research boosted their target price on shares of Quanta Services from $477.00 to $576.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. BMO Capital Markets raised shares of Quanta Services from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $600.00 to $650.00 in a report on Friday, March 27th. Jefferies Financial Group boosted their target price on shares of Quanta Services from $634.00 to $654.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. Finally, Bank of America boosted their target price on shares of Quanta Services from $500.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Eighteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and an average price target of $595.50.
View Our Latest Stock Report on PWR
Quanta Services Trading Down 0.5%
NYSE:PWR opened at $591.47 on Thursday. The firm has a market cap of $88.75 billion, a P/E ratio of 86.98, a P/E/G ratio of 2.70 and a beta of 1.10. Quanta Services, Inc. has a 52 week low of $251.04 and a 52 week high of $599.00. The firm's fifty day moving average is $554.89 and its 200-day moving average is $482.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14.
Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. Quanta Services's revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.
Quanta Services Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services's dividend payout ratio is currently 6.47%.
Quanta Services Profile
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Free Report)
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.
Further Reading
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