Envestnet Asset Management Inc. Buys 23,850 Shares of Quanta Services, Inc. $PWR

Key Points

• Envestnet Asset Management increased its Quanta Services stake by 11.9%, purchasing 23,850 shares to hold 225,059 shares valued at approximately $162.1 million. Institutional investors and hedge funds collectively own 90.49% of the stock.
• Quanta Services reported strong quarterly results, with EPS of $4.24 beating estimates of $3.31 and revenue rising 41.1% year over year to $9.56 billion. The company issued fiscal 2026 EPS guidance of $16.45–$16.95.
• Analysts maintain a generally positive view, giving Quanta a consensus “Moderate Buy” rating and an average price target of $768.80, compared with the reported share price of $649.72.

Envestnet Asset Management Inc. raised its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 11.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 225,059 shares of the construction company's stock after buying an additional 23,850 shares during the quarter. Envestnet Asset Management Inc. owned about 0.15% of Quanta Services worth $162,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Cornerstone Financial Management LLC raised its stake in Quanta Services by 70.4% during the 2nd quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company's stock worth $33,000 after buying an additional 19 shares during the period. Boreal Capital Management LLC acquired a new stake in shares of Quanta Services during the first quarter worth $27,000. JNBA Financial Advisors raised its holdings in shares of 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 period. Cedar Mountain Advisors LLC lifted its position in Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. Finally, MV Capital Management Inc. bought a new position in Quanta Services during the 4th quarter worth about $30,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $649.72 on Friday. The company's 50 day moving average price is $641.43 and its two-hundred day moving average price is $650.97. The firm has a market capitalization of $97.68 billion, a P/E ratio of 74.42, a P/E/G ratio of 1.91 and a beta of 1.20. Quanta Services, Inc. has a fifty-two week low of $399.18 and a fifty-two week high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The company had revenue of $9.56 billion during the quarter, compared to analysts' expectations of $8.61 billion. During the same period in the prior year, the company earned $2.48 EPS. Quanta Services's revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 15.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently declared 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 1st. Quanta Services's payout ratio is 5.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PWR. Weiss Ratings raised Quanta Services from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, September 11th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $714.00 target price on shares of Quanta Services in a research note on Tuesday, July 21st. Truist Financial reaffirmed a "buy" rating and set a $976.00 price target (up from $940.00) on shares of Quanta Services in a research report on Monday, August 3rd. Raymond James Financial initiated coverage on shares of Quanta Services in a research note on Friday, July 31st. They set an "outperform" rating for the company. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $833.00 price objective on shares of Quanta Services in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Quanta Services has a consensus rating of "Moderate Buy" and a consensus target price of $768.80.

Quanta Services Profile

Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.

Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.

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