Integrated Wealth Concepts LLC Grows Holdings in Quanta Services, Inc. $PWR

Key Points

• Integrated Wealth Concepts increased its Quanta Services position by 20.9% in the second quarter, bringing its holdings to 36,163 shares valued at approximately $26 million. Institutional investors and hedge funds collectively own 90.49% of the company.
• 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. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $767.72.
• The company declared a quarterly dividend of $0.11 per share and authorized a $1 billion share-repurchase program, allowing it to buy back up to 0.9% of outstanding shares.

Integrated Wealth Concepts LLC grew its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 20.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,163 shares of the construction company's stock after purchasing an additional 6,240 shares during the period. Integrated Wealth Concepts LLC's holdings in Quanta Services were worth $26,039,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in Quanta Services in the 4th quarter worth about $298,000. Woodline Partners LP grew its stake in shares of Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company's stock valued at $3,170,000 after buying an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Quanta Services during the second quarter valued at approximately $4,632,000. Marshall Wace LLP acquired a new stake in Quanta Services during the 2nd quarter valued at $996,000. Finally, StoneX Group Inc. acquired a new position in shares of Quanta Services in the second quarter worth about $204,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Analyst Ratings Changes

PWR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Quanta Services to a "sell" rating in a research note on Friday, July 31st. Argus set a $800.00 price objective on Quanta Services in a research report on Wednesday, August 5th. Zacks Research raised shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. CICC Research began coverage on Quanta Services in a research note on Thursday, May 21st. They issued an "outperform" rating and a $872.00 price target for the company. Finally, Citigroup increased their price objective on shares of Quanta Services from $837.00 to $871.00 and gave the company a "buy" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and an average price target of $767.72.

Quanta Services Trading Up 2.3%

Quanta Services stock opened at $639.02 on Wednesday. The firm has a market cap of $96.07 billion, a price-to-earnings ratio of 73.20, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. Quanta Services, Inc. has a 1 year low of $370.27 and a 1 year high of $788.75. The firm's 50 day moving average price is $648.40 and its two-hundred day moving average price is $644.97. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The company's revenue was up 41.1% compared to the same quarter last year. During the same period last year, the company posted $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, research analysts predict that Quanta Services, Inc. will post 15.35 EPS 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. Investors of record on Thursday, October 1st will be paid 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 yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is currently 5.04%.

Quanta Services declared that its board has authorized a stock repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

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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