Massachusetts Financial Services Co. MA lifted its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 961,708 shares of the construction company's stock after purchasing an additional 135,425 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.64% of Quanta Services worth $405,898,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of PWR. Brighton Jones LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth $298,000. Woodline Partners LP raised its position in shares of Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company's stock worth $3,170,000 after purchasing an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Quanta Services during the second quarter worth $4,632,000. Marshall Wace LLP acquired a new position in Quanta Services during the second quarter valued at $996,000. Finally, StoneX Group Inc. acquired a new position in Quanta Services during the second quarter valued at $204,000. 90.49% of the stock is owned by institutional investors and hedge funds.
Quanta Services Stock Performance
Shares of PWR stock opened at $585.54 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a fifty-two week low of $251.04 and a fifty-two week high of $592.58. The stock's 50-day moving average is $547.85 and its two-hundred day moving average is $478.39. The firm has a market cap of $87.61 billion, a P/E ratio of 86.11, a PEG ratio of 2.66 and a beta of 1.10.
Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same period in the prior year, the firm posted $2.94 EPS. The business's revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.
Quanta Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services's dividend payout ratio is presently 6.47%.
Analyst Ratings Changes
Several research analysts recently weighed in on PWR shares. TD Cowen upped their price target on Quanta Services from $425.00 to $570.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Roth Mkm upped their price target on Quanta Services from $600.00 to $650.00 and gave the company a "buy" rating in a research report on Monday, April 6th. Mizuho upped their price target on Quanta Services from $537.00 to $580.00 and gave the company a "neutral" rating in a research report on Monday, March 30th. Cantor Fitzgerald upped their price target on Quanta Services from $520.00 to $630.00 and gave the company an "overweight" rating in a research report on Friday, February 20th. Finally, Robert W. Baird upped their price target on Quanta Services from $490.00 to $606.00 and gave the company an "outperform" rating in a research report on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and an average price target of $595.50.
Get Our Latest Stock Analysis on Quanta Services
Quanta Services Company Profile
(
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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