Calamos Advisors LLC Sells 2,289 Shares of Quanta Services, Inc. $PWR

Calamos Advisors LLC cut its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,112 shares of the construction company's stock after selling 2,289 shares during the quarter. Calamos Advisors LLC owned 0.07% of Quanta Services worth $43,519,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PWR. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the second quarter worth about $26,000. Activest Wealth Management grew its holdings in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company's stock worth $27,000 after buying an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Quanta Services during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC grew its holdings in shares of Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock worth $30,000 after buying an additional 49 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of Quanta Services during the third quarter worth about $38,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Down 1.3%

PWR stock opened at $625.40 on Friday. 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 business has a 50 day moving average price of $568.94 and a two-hundred day moving average price of $491.27. The company has a market cap of $93.84 billion, a price-to-earnings ratio of 91.97, a P/E/G ratio of 2.87 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $281.17 and a twelve month high of $638.90.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly 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 return on equity of 18.10% and a net margin of 3.61%.The firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period last year, the company earned $2.94 earnings per share. The business'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 anticipate that Quanta Services, Inc. will post 11.97 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

Wall Street Analyst Weigh In

PWR has been the subject of a number of research reports. Bank of America increased their price objective on Quanta Services from $500.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Jefferies Financial Group increased their price objective on Quanta Services from $634.00 to $654.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. B. Riley Financial raised their price target on Quanta Services from $450.00 to $565.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Weiss Ratings restated a "buy (b-)" rating on shares of Quanta Services in a research note on Friday, April 10th. Finally, DA Davidson raised their price target on Quanta Services from $450.00 to $575.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and an average target price 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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