NEOS Investment Management LLC Boosts Position in Quanta Services, Inc. $PWR

Key Points

• NEOS Investment Management increased its Quanta Services stake by 12.9% in the second quarter, bringing its holdings to 23,940 shares valued at approximately $17.2 million. Institutional investors collectively own 90.49% of PWR.
• Quanta Services reported strong quarterly results, with EPS of $4.24 versus the $3.31 consensus and revenue of $9.56 billion, up 41.1% year over year. The company issued fiscal 2026 EPS guidance of $16.45 to $16.95.
• The company authorized a $1 billion stock buyback, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $769.25.

NEOS Investment Management LLC raised its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 12.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,940 shares of the construction company's stock after buying an additional 2,732 shares during the period. NEOS Investment Management LLC's holdings in Quanta Services were worth $17,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Power Wealth Management LLC bought a new stake in shares of Quanta Services during the second quarter valued at approximately $215,000. Retireful LLC purchased a new position in Quanta Services during the 2nd quarter worth $344,000. iSAM Funds UK Ltd bought a new stake in Quanta Services during the 2nd quarter valued at $749,000. Greenspring Advisors LLC purchased a new stake in shares of Quanta Services in the 2nd quarter worth $217,000. Finally, Continuum Advisory LLC grew its position in shares of Quanta Services by 1.3% during the 2nd quarter. Continuum Advisory LLC now owns 2,067 shares of the construction company's stock worth $1,488,000 after buying an additional 26 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

PWR stock opened at $623.80 on Friday. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75. The firm has a market cap of $93.78 billion, a price-to-earnings ratio of 71.45, a PEG ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The firm has a 50-day simple moving average of $651.88 and a two-hundred day simple moving average of $642.61.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.31 by $0.93. The firm 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 business's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.48 EPS. 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 15.35 EPS for the current fiscal year.

Quanta Services announced that its board has approved a stock buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 1st. Quanta Services's payout ratio is currently 5.04%.

Analysts Set New Price Targets

Several analysts recently weighed in on PWR shares. Guggenheim upgraded Quanta Services from a "neutral" rating to a "buy" rating and set a $800.00 price objective for the company in a report on Friday, July 31st. Sanford C. Bernstein reiterated a "market perform" rating and set a $748.00 target price on shares of Quanta Services in a report on Friday, July 31st. Cantor Fitzgerald assumed coverage on shares of Quanta Services in a report on Friday, July 31st. They issued an "outperform" rating for the company. Weiss Ratings cut shares of Quanta Services from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. Finally, Wall Street Zen raised shares of Quanta Services from a "hold" rating to a "buy" rating in a report on Sunday, August 2nd. One equities research 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $769.25.

About Quanta Services

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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