Cantor Fitzgerald Investment Advisors L.P. Purchases 3,815 Shares of Quanta Services, Inc. $PWR

Key Points

• Cantor Fitzgerald Investment Advisors increased its Quanta Services stake by 90.3% in the third quarter, purchasing 3,815 additional shares for a total holding of 8,040 shares valued at approximately $5.17 million. Institutional investors collectively own 90.49% of the company.
• Analyst sentiment remains positive overall, with 23 Buy, seven Hold, and three Sell ratings producing a consensus “Moderate Buy” rating and an average price target of $763.04, despite several recent downgrades.
• Quanta Services reported strong quarterly results, earning $4.24 per share versus the $3.31 consensus estimate and generating $9.56 billion in revenue, up 41.1% year over year. The company also declared a quarterly dividend of $0.11 per share.

Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 90.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,040 shares of the construction company's stock after purchasing an additional 3,815 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Quanta Services were worth $5,166,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Boreal Capital Management LLC acquired a new stake in shares of Quanta Services in the first quarter valued at about $27,000. Cornerstone Financial Management LLC boosted its position in Quanta Services by 70.4% during the second quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company's stock worth $33,000 after acquiring an additional 19 shares during the last quarter. JNBA Financial Advisors boosted its position in Quanta Services by 1,733.3% during the second quarter. JNBA Financial Advisors now owns 55 shares of the construction company's stock worth $40,000 after acquiring an additional 52 shares during the last quarter. Brown Lisle Cummings Inc. grew its stake in Quanta Services by 825.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 74 shares of the construction company's stock valued at $41,000 after acquiring an additional 66 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in Quanta Services by 100.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 82 shares of the construction company's stock valued at $45,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Piper Sandler cut their price objective on shares of Quanta Services from $731.00 to $714.00 and set an "overweight" rating for the company in a report on Monday, September 28th. Morgan Stanley cut Quanta Services to an "underweight" rating in a report on Monday, August 3rd. Zacks Research lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Benchmark cut Quanta Services to a "sell" rating in a report on Friday, July 31st. Finally, KeyCorp raised Quanta Services from a "sector weight" rating to an "overweight" rating and set a $807.00 price target for the company in a report on Friday, August 7th. Twenty-three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $763.04.

Quanta Services Trading Up 0.7%

Shares of PWR opened at $599.96 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12-month low of $404.51 and a 12-month high of $788.75. The firm has a 50-day moving average price of $645.62 and a 200 day moving average price of $664.09. The firm has a market capitalization of $90.20 billion, a P/E ratio of 68.72, a P/E/G ratio of 1.76 and a beta of 1.27.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping analysts' consensus estimates of $3.31 by $0.93. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. Quanta Services's quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 15.37 EPS for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, October 1st. 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 5.04%.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.

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