Diversified Enterprises LLC grew its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 96.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,341 shares of the construction company's stock after buying an additional 2,620 shares during the period. Diversified Enterprises LLC's holdings in Quanta Services were worth $2,254,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company's stock valued at $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Select Equity Group L.P. boosted its position in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company's stock valued at $384,554,000 after purchasing an additional 416,395 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company's stock valued at $7,519,079,000 after purchasing an additional 386,937 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Quanta Services by 29.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 826,283 shares of the construction company's stock valued at $342,428,000 after purchasing an additional 189,134 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Quanta Services by 29.9% during the 3rd quarter. First Trust Advisors LP now owns 812,748 shares of the construction company's stock valued at $336,819,000 after purchasing an additional 186,857 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently commented on PWR. DA Davidson upped their target price on Quanta Services from $450.00 to $575.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their target price on Quanta Services from $515.00 to $627.00 and gave the company an "overweight" rating in a research report on Friday, February 20th. BMO Capital Markets upgraded Quanta Services from a "market perform" rating to an "outperform" rating and upped their target price for the company from $600.00 to $650.00 in a research report on Friday, March 27th. TD Cowen upped their target price on Quanta Services from $425.00 to $570.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Finally, Argus upped their target price on Quanta Services from $540.00 to $650.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Eighteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Quanta Services currently has an average rating of "Moderate Buy" and a consensus price target of $599.00.
Get Our Latest Report on Quanta Services
Quanta Services Stock Up 3.4%
Shares of NYSE:PWR opened at $634.54 on Friday. The business's 50 day simple moving average is $566.91 and its two-hundred day simple moving average is $489.90. The firm has a market cap of $95.22 billion, a P/E ratio of 93.31, a PEG ratio of 2.78 and a beta of 1.10. 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 52-week low of $272.00 and a 52-week high of $638.42.
Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, research analysts forecast that Quanta Services, Inc. will post 11.97 EPS for the current fiscal year.
Quanta Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services's dividend payout ratio is 6.47%.
Quanta Services Company Profile
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Free Report)
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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