Concurrent Investment Advisors LLC Grows Stock Position in Quanta Services, Inc. $PWR

Key Points

• Concurrent Investment Advisors more than doubled its Quanta Services position in the second quarter, adding 6,258 shares for a total holding of 12,312 shares valued at $8.865 million. Institutional investors collectively own 90.49% of the company.
• Quanta reported strong quarterly results, with EPS of $4.24 beating estimates of $3.31 and revenue of $9.56 billion exceeding expectations. Revenue rose 41.1% year over year, while the company issued fiscal 2026 EPS guidance of $16.45–$16.95.
• The company authorized a $1 billion share-repurchase program and declared a quarterly dividend of $0.11 per share. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $769.25.

Concurrent Investment Advisors LLC lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 103.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,312 shares of the construction company's stock after acquiring an additional 6,258 shares during the period. Concurrent Investment Advisors LLC's holdings in Quanta Services were worth $8,865,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Quanta Services by 2.1% during the fourth quarter. State Street Corp now owns 6,206,761 shares of the construction company's stock worth $2,619,626,000 after buying an additional 126,014 shares during the period. Geode Capital Management LLC grew its stake in Quanta Services by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company's stock valued at $1,718,371,000 after purchasing an additional 110,360 shares during the last quarter. Bank of America Corp DE grew its stake in Quanta Services by 5.4% during the 1st quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company's stock valued at $1,891,215,000 after purchasing an additional 175,184 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company's stock valued at $1,230,493,000 after purchasing an additional 758,862 shares during the period. Finally, Norges Bank purchased a new position in shares of Quanta Services in the fourth quarter worth about $817,285,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Up 0.6%

Quanta Services stock opened at $623.80 on Friday. 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 $363.01 and a 12 month high of $788.75. The stock's 50 day simple moving average is $651.88 and its two-hundred day simple moving average is $642.61. The firm has a market cap of $93.78 billion, a PE ratio of 71.45, a P/E/G ratio of 2.05 and a beta of 1.20.

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

Quanta Services announced that its Board of Directors has approved a stock repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be given a $0.11 dividend. The ex-dividend date is 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 is 5.04%.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent research reports. Wall Street Zen upgraded Quanta Services from a "hold" rating to a "buy" rating in a research report on Sunday, August 2nd. Robert W. Baird set a $728.00 price target on shares of Quanta Services in a research report on Friday, July 31st. Mizuho upped their price objective on shares of Quanta Services from $659.00 to $741.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lowered shares of Quanta Services to a "sell" rating in a research note on Friday, July 31st. Finally, Truist Financial restated a "buy" rating and set a $976.00 target price (up from $940.00) on shares of Quanta Services in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $769.25.

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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