Arizona State Retirement System Sells 2,819 Shares of Quanta Services, Inc. $PWR

Key Points

• Arizona State Retirement System trimmed its stake in Quanta Services by 6.4%, selling 2,819 shares and now holds 40,926 shares valued at $17.273 million.
• Quanta beat Q4 estimates with $3.16 EPS (vs. $3.02) and $7.84B revenue, up 19.7% YoY, and set FY2026 guidance of 12.650–13.350 EPS (analysts’ average forecast ~11.97).
• Institutional investors own 90.49% of the stock and analysts are largely bullish (18 Buys, 7 Holds) with a consensus price target of $599 while shares trade near $625, close to their 52‑week high.

Arizona State Retirement System trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,926 shares of the construction company's stock after selling 2,819 shares during the quarter. Arizona State Retirement System's holdings in Quanta Services were worth $17,273,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC bought a new position in shares of Quanta Services during the 4th quarter worth approximately $298,000. Woodline Partners LP grew its stake in shares of Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company's stock worth $3,170,000 after acquiring an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Quanta Services during the 2nd quarter worth approximately $4,632,000. Marshall Wace LLP bought a new position in shares of Quanta Services during the 2nd quarter worth approximately $996,000. Finally, StoneX Group Inc. bought a new position in shares of Quanta Services during the 2nd quarter worth approximately $204,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Down 1.3%

PWR opened at $625.40 on Friday. Quanta Services, Inc. has a fifty-two week low of $281.17 and a fifty-two week high of $638.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The company has a market capitalization of $93.84 billion, a P/E ratio of 91.97, a P/E/G ratio of 2.87 and a beta of 1.10. The stock has a fifty day moving average of $568.94 and a 200-day moving average of $491.27.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter last year, the firm earned $2.94 earnings per share. The company's revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 11.97 EPS for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.11 per share. 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 (DPR) is currently 6.47%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PWR shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Quanta Services in a research note on Friday, April 10th. Argus increased their price objective on Quanta Services from $540.00 to $650.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. Truist Financial increased their price objective on Quanta Services from $643.00 to $713.00 and gave the company a "buy" rating in a report on Monday, April 20th. Robert W. Baird increased their price objective on Quanta Services from $490.00 to $606.00 and gave the company an "outperform" rating in a report on Friday, February 20th. Finally, Citigroup increased their price objective on Quanta Services from $540.00 to $640.00 and gave the company a "buy" rating in a report on Friday, February 20th. Eighteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Quanta Services has an average rating of "Moderate Buy" and a consensus price target of $599.00.

Quanta Services Profile

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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