AMI Asset Management Corp Sells 4,748 Shares of Quanta Services, Inc. $PWR

Key Points

• AMI Asset Management sold 4,748 shares of Quanta Services, trimming its stake by 2.3% to 199,134 shares (about 0.13% of the company) and making Quanta roughly 4.8% of AMI's portfolio as its 6th largest holding (worth ~$84.05M).
• Several analysts have raised targets on PWR — including Cantor Fitzgerald, Argus and Goldman — leaving a consensus rating of "Moderate Buy" and a consensus price target of $595.50.
• Quanta beat Q4 estimates with EPS $3.16 vs. $3.02 and revenue $7.84B (up 19.7% y/y), set FY2026 EPS guidance of $12.65–13.35, and the stock is trading near its 12-month high (~$596) with a market cap of about $89.2B.

AMI Asset Management Corp cut its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,134 shares of the construction company's stock after selling 4,748 shares during the period. Quanta Services comprises approximately 4.8% of AMI Asset Management Corp's investment portfolio, making the stock its 6th biggest holding. AMI Asset Management Corp owned approximately 0.13% of Quanta Services worth $84,047,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PWR. Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Quanta Services by 5.4% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company's stock valued at $19,316,000 after purchasing an additional 2,375 shares during the last quarter. Calamos Advisors LLC increased its holdings in shares of Quanta Services by 17.1% in the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company's stock valued at $43,680,000 after purchasing an additional 15,388 shares during the last quarter. Chilton Capital Management LLC increased its holdings in shares of Quanta Services by 63.3% in the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company's stock valued at $69,016,000 after purchasing an additional 64,560 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Quanta Services by 59.9% in the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company's stock valued at $18,397,000 after purchasing an additional 16,637 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Quanta Services by 20.4% in the third quarter. Atria Investments Inc now owns 13,818 shares of the construction company's stock valued at $5,727,000 after purchasing an additional 2,340 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on PWR shares. Cantor Fitzgerald upped their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the company an "overweight" rating in a report on Friday, February 20th. Argus upped their price objective on shares of Quanta Services from $540.00 to $650.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. Wolfe Research upped their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the company an "outperform" rating in a report on Friday, February 20th. Jefferies Financial Group upped their price objective on shares of Quanta Services from $634.00 to $654.00 and gave the company a "buy" rating in a report on Thursday, April 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Quanta Services from $495.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $595.50.

Quanta Services Trading Up 1.9%

PWR opened at $596.25 on Tuesday. Quanta Services, Inc. has a twelve month low of $251.04 and a twelve month high of $596.42. The company has a 50-day simple moving average of $550.23 and a 200 day simple moving average of $480.31. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $89.21 billion, a price-to-earnings ratio of 87.68, a P/E/G ratio of 2.66 and a beta of 1.10.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business had revenue of $7.84 billion during the quarter, compared to analysts' expectations of $7.38 billion. During the same quarter in the prior year, the business posted $2.94 earnings per share. Quanta Services's revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's dividend payout ratio is 6.47%.

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.

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