Bingham Private Wealth LLC Makes New Investment in Quanta Services, Inc. $PWR

Key Points

• Bingham Private Wealth LLC initiated a new position in Quanta Services (NYSE:PWR), purchasing 2,500 shares worth about $1,055,000, and institutional investors now own roughly 90.49% of the company.
• Several analysts raised price targets in late February (e.g., UBS to $646, Baird to $606, BofA to $610), leaving a MarketBeat consensus of “Moderate Buy” with an average target of $595.50.
• Quanta beat quarterly expectations with EPS of $3.16 vs. $3.02 and revenue of $7.84B (+19.7% y/y), and issued FY2026 guidance of $12.65–$13.35 earnings per share.

Bingham Private Wealth LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,500 shares of the construction company's stock, valued at approximately $1,055,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in shares of Quanta Services during the 2nd quarter worth $26,000. Activest Wealth Management boosted its stake in shares of Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company's stock worth $27,000 after acquiring an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Quanta Services during the 4th quarter worth $28,000. Cornerstone Planning Group LLC boosted its stake in shares of Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock worth $30,000 after acquiring an additional 49 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of Quanta Services during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird lifted their price target on shares of Quanta Services from $490.00 to $606.00 and gave the stock an "outperform" rating in a research note on Friday, February 20th. DA Davidson lifted their price target on shares of Quanta Services from $450.00 to $575.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. UBS Group lifted their price target on shares of Quanta Services from $518.00 to $646.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Argus lifted their target price on shares of Quanta Services from $540.00 to $650.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Finally, Bank of America lifted their target price on shares of Quanta Services from $500.00 to $610.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Eighteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and an average price target of $595.50.

Quanta Services Stock Down 0.2%

PWR opened at $594.41 on Wednesday. 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, Inc. has a fifty-two week low of $251.04 and a fifty-two week high of $599.00. The firm's fifty day moving average is $552.35 and its 200 day moving average is $481.64. The stock has a market cap of $89.20 billion, a price-to-earnings ratio of 87.41, a price-to-earnings-growth ratio of 2.71 and a beta of 1.10.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.84 billion for the quarter, compared to analysts' expectations of $7.38 billion. During the same quarter in the previous year, the company earned $2.94 EPS. Quanta Services's revenue for the quarter 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, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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