B & T Capital Management DBA Alpha Capital Management Reduces Stock Position in Quanta Services, Inc. $PWR

B & T Capital Management DBA Alpha Capital Management cut its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 26.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,083 shares of the construction company's stock after selling 5,525 shares during the quarter. Quanta Services comprises about 1.4% of B & T Capital Management DBA Alpha Capital Management's holdings, making the stock its 17th largest position. B & T Capital Management DBA Alpha Capital Management's holdings in Quanta Services were worth $10,860,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PWR. Cetera Investment Advisers lifted its stake in Quanta Services by 5.8% during the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company's stock worth $40,701,000 after purchasing an additional 4,087 shares during the last quarter. Evoke Wealth LLC purchased a new position in shares of Quanta Services during the 4th quarter valued at about $368,000. Sequoia Financial Advisors LLC lifted its position in Quanta Services by 3.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company's stock worth $55,052,000 after buying an additional 3,966 shares during the last quarter. North Dakota State Investment Board purchased a new stake in Quanta Services in the fourth quarter worth approximately $2,131,000. Finally, Brighton Jones LLC bought a new position in Quanta Services during the fourth quarter valued at approximately $298,000. 90.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley cut shares of Quanta Services to an "underweight" rating in a report on Monday, August 3rd. Argus set a $800.00 price target on shares of Quanta Services in a research report on Wednesday, August 5th. Robert W. Baird set a $728.00 price target on shares of Quanta Services in a report on Friday, July 31st. BTIG Research downgraded shares of Quanta Services to a "hold" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $714.00 target price on shares of Quanta Services in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $769.25.

Quanta Services Stock Up 0.1%

NYSE:PWR opened at $603.18 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The firm's 50-day moving average price is $661.49 and its 200-day moving average price is $640.09. The company has a market capitalization of $90.68 billion, a PE ratio of 69.09, a P/E/G ratio of 1.98 and a beta of 1.23. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business's revenue was up 41.1% on a year-over-year basis. During the same period last year, the business earned $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities analysts predict that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services declared that its board has authorized a stock repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

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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