Groupe la Francaise Has $65.38 Million Stake in Quanta Services, Inc. $PWR

Key Points

• Groupe la Française reduced its Quanta Services stake by 2.3% in the second quarter, selling 2,141 shares and retaining 90,778 shares worth approximately $65.38 million. Institutional investors collectively own 90.49% of PWR.
• Quanta Services reported strong quarterly results, with earnings of $4.24 per share and revenue of $9.56 billion, exceeding analyst estimates; revenue increased 41.1% year over year.
• The company authorized a $1 billion share-repurchase program and maintained a $0.11 quarterly dividend. Analysts have a consensus “Moderate Buy” rating and an average price target of $769.25, compared with a recent share price of $623.80.

Groupe la Francaise reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,778 shares of the construction company's stock after selling 2,141 shares during the quarter. Groupe la Francaise owned approximately 0.06% of Quanta Services worth $65,382,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC lifted its stake in shares of Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock worth $25,000 after buying an additional 45 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Quanta Services in the 2nd quarter valued at about $26,000. Boreal Capital Management LLC acquired a new stake in Quanta Services during the first quarter worth approximately $27,000. MV Capital Management Inc. bought a new stake in shares of Quanta Services during the fourth quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. grew its position in shares of Quanta Services by 221.7% in the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company's stock valued at $31,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $623.80 on Monday. Quanta Services, Inc. has a 1 year low of $363.01 and a 1 year high of $788.75. The stock has a market capitalization of $93.78 billion, a price-to-earnings ratio of 71.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The company's 50 day simple moving average is $651.88 and its 200 day simple moving average is $643.44.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm 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 earnings per share. The company'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. As a group, research analysts predict that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services declared that its Board of Directors has approved a stock buyback plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be issued a $0.11 dividend. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several analysts recently weighed in on PWR shares. CICC Research began coverage on Quanta Services in a report on Thursday, May 21st. They set an "outperform" rating and a $872.00 price target for the company. Morgan Stanley cut Quanta Services to an "underweight" rating in a research report on Monday, August 3rd. Guggenheim raised shares of Quanta Services from a "neutral" rating to a "buy" rating and set a $800.00 target price for the company in a research report on Friday, July 31st. Mizuho upped their price target on shares of Quanta Services from $659.00 to $741.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $714.00 price objective on shares of Quanta Services in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $769.25.

Quanta Services Company 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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