3,944 Quanta Services, Inc. $PWR Shares Sold by AMI Asset Management Corp

Key Points

• AMI Asset Management reduced its Quanta Services stake by 3.9%, selling 3,944 shares and retaining 97,382 shares worth approximately $62.6 million. Institutional investors collectively own 90.49% of PWR.
• Quanta Services shares fell 3.7% to $595.52, well below their 50-day and 200-day moving averages. The stock trades at a P/E ratio of 68.22 and has a 52-week range of $404.51 to $788.75.
• The company reported quarterly revenue growth of 41.1% and earnings of $4.24 per share, exceeding analyst expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $763.04, while Quanta declared a quarterly dividend of $0.11 per share.

AMI Asset Management Corp cut its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,382 shares of the construction company's stock after selling 3,944 shares during the period. Quanta Services accounts for 3.6% of AMI Asset Management Corp's holdings, making the stock its 10th biggest holding. AMI Asset Management Corp owned 0.06% of Quanta Services worth $62,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PWR. State Street Corp grew its holdings in Quanta Services by 4.7% during the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company's stock valued at $4,739,164,000 after buying an additional 296,893 shares in the last quarter. Diamant Asset Management Inc. raised its position in shares of Quanta Services by 54,802.0% during the first quarter. Diamant Asset Management Inc. now owns 296,471 shares of the construction company's stock valued at $162,769,000 after buying an additional 295,931 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Quanta Services by 3,657.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company's stock worth $121,600,000 after buying an additional 215,591 shares in the last quarter. Corient Private Wealth LP lifted its holdings in shares of Quanta Services by 731.3% in the second quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company's stock worth $151,273,000 after buying an additional 184,819 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of 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 worth $1,891,215,000 after buying an additional 175,184 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Down 3.7%

Shares of PWR opened at $595.52 on Wednesday. The stock has a market capitalization of $89.53 billion, a PE ratio of 68.22, a P/E/G ratio of 1.83 and a beta of 1.27. The company's fifty day moving average is $647.23 and its 200 day moving average is $663.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. Quanta Services, Inc. has a fifty-two week low of $404.51 and a fifty-two week high of $788.75.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same quarter last year, the business earned $2.48 earnings per share. Quanta Services'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. Sell-side analysts expect that Quanta Services, Inc. will post 15.37 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is presently 5.04%.

Analyst Ratings Changes

Several research firms recently weighed in on PWR. Raymond James Financial initiated coverage on shares of Quanta Services in a research note on Friday, July 31st. They set an "outperform" rating for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $862.00 price target on shares of Quanta Services in a research note on Monday, October 5th. 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 report on Friday, July 31st. BTIG Research lowered Quanta Services to a "hold" rating in a research report on Friday, July 31st. Finally, Morgan Stanley lowered Quanta Services to an "underweight" rating in a research report on Monday, August 3rd. Twenty-three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $763.04.

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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