Norris Perne & French LLP MI Has $16.96 Million Stake in Quanta Services, Inc. $PWR

Key Points

• Norris Perne & French LLP MI reduced its stake in Quanta Services by 6.5% in Q4, selling 2,793 shares to hold 40,187 shares worth approximately $16.96 million at period end.
• Several analysts raised targets and maintained bullish ratings—UBS, Jefferies, Truist, Cantor Fitzgerald and Wolfe all lifted price targets—leaving the consensus at a “Moderate Buy” with an average price target of $595.50 (18 Buys, 6 Holds).
• Quanta beat quarterly estimates with $3.16 EPS on $7.84 billion revenue, set FY2026 guidance of $12.65–13.35 EPS, and the stock trades near its 1‑year high (~$596) with a market cap of about $89.2 billion.

Norris Perne & French LLP MI decreased its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,187 shares of the construction company's stock after selling 2,793 shares during the quarter. Norris Perne & French LLP MI's holdings in Quanta Services were worth $16,961,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PWR. Bank of America Corp DE lifted its holdings in Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company's stock worth $1,208,672,000 after buying an additional 765,822 shares during the period. Select Equity Group L.P. lifted its holdings in Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company's stock worth $384,554,000 after buying an additional 416,395 shares during the period. Vanguard Group Inc. lifted its holdings in Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company's stock worth $7,519,079,000 after buying an additional 386,937 shares during the period. DAVENPORT & Co LLC acquired a new position in Quanta Services during the 3rd quarter worth about $97,080,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Quanta Services by 29.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 826,283 shares of the construction company's stock worth $342,428,000 after buying an additional 189,134 shares during the period. Institutional investors and hedge funds own 90.49% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group lifted their target price on Quanta Services from $518.00 to $646.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Jefferies Financial Group lifted their target price on Quanta Services from $634.00 to $654.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. Truist Financial reaffirmed a "buy" rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Cantor Fitzgerald lifted their target price on Quanta Services from $520.00 to $630.00 and gave the stock an "overweight" rating in a report on Friday, February 20th. Finally, Wolfe Research lifted their target price on Quanta Services from $477.00 to $576.00 and gave the stock an "outperform" rating in a 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $595.50.

Quanta Services Stock Performance

PWR stock opened at $596.25 on Tuesday. The stock has a 50-day moving average price of $550.23 and a 200-day moving average price of $480.31. Quanta Services, Inc. has a 1-year low of $251.04 and a 1-year high of $596.42. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The firm has a market cap of $89.21 billion, a PE ratio of 87.68, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period last year, the company posted $2.94 EPS. The business's quarterly revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services's payout ratio is presently 6.47%.

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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