Nykredit A S Makes New $41.84 Million Investment in Quanta Services, Inc. $PWR

Key Points

• Nykredit A/S acquired 58,102 shares of Quanta Services during the second quarter, representing an investment of approximately $41.84 million. Institutional investors and hedge funds collectively own 90.49% of the company.
• Analysts maintain a generally positive outlook, with Quanta Services holding a consensus “Moderate Buy” rating and an average price target of $767.72, despite recent downgrades from Morgan Stanley and Deutsche Bank.
• Quanta reported strong quarterly results, including $4.24 in EPS and $9.56 billion in revenue, while also announcing a $0.11 quarterly dividend and a $1 billion share-repurchase authorization.

Nykredit A S acquired a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 58,102 shares of the construction company's stock, valued at approximately $41,836,000.

Several other large investors also recently modified their holdings of the stock. Cedar Mountain Advisors LLC lifted its position in Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. Boreal Capital Management LLC bought a new stake in shares of Quanta Services in the 1st quarter worth $27,000. MV Capital Management Inc. bought a new stake in shares of Quanta Services in the 4th quarter worth $30,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Quanta Services by 266.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company's stock valued at $32,000 after purchasing an additional 56 shares during the last quarter. Finally, Cornerstone Financial Management LLC lifted its position in shares of Quanta Services by 70.4% during the second quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company's stock valued at $33,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PWR. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $748.00 price target on shares of Quanta Services in a research report on Friday, July 31st. Oppenheimer upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and set a $800.00 price target for the company in a research report on Thursday, May 28th. Mizuho raised their price target on shares of Quanta Services from $659.00 to $741.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Morgan Stanley cut shares of Quanta Services to an "underweight" rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered Quanta Services to a "sell" rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $767.72.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $636.20 on Friday. The company's fifty day simple moving average is $641.46 and its two-hundred day simple moving average is $648.06. Quanta Services, Inc. has a 12-month low of $382.24 and a 12-month high of $788.75. The firm has a market cap of $95.65 billion, a PE ratio of 72.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $8.61 billion. During the same period in the previous year, the firm earned $2.48 earnings per share. The business's revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities analysts expect that Quanta Services, Inc. will post 15.33 EPS for the current year.

Quanta Services Announces Dividend

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

Quanta Services announced that its Board of Directors has approved a stock buyback plan on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are 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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