Nykredit A S Purchases Shares of 68,220 Quanta Services, Inc. $PWR

Key Points

• Nykredit A/S acquired 68,220 Quanta Services shares during the second quarter, worth approximately $49.1 million. Institutional investors and hedge funds collectively own 90.49% of the company.
• Analysts maintain a generally positive view, with Quanta Services receiving a consensus “Moderate Buy” rating and an average price target of $769.25, despite some recent downgrades.
• Quanta Services exceeded quarterly earnings and revenue expectations, reporting $4.24 in EPS and $9.56 billion in revenue. The company also declared a $0.11 quarterly dividend and authorized a $1 billion share-repurchase program.

Nykredit A S acquired a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 68,220 shares of the construction company's stock, valued at approximately $49,121,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in Quanta Services in the fourth quarter worth approximately $298,000. Woodline Partners LP lifted its position in shares of Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company's stock valued at $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Quanta Services during the 2nd quarter worth $4,632,000. Marshall Wace LLP acquired a new position in shares of Quanta Services in the 2nd quarter worth $996,000. Finally, StoneX Group Inc. acquired a new position in shares of Quanta Services in the 2nd quarter worth $204,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $714.00 target price on shares of Quanta Services in a report on Tuesday, July 21st. Truist Financial reissued a "buy" rating and issued a $976.00 price target (up from $940.00) on shares of Quanta Services in a research note on Monday, August 3rd. TD Cowen boosted their price objective on Quanta Services from $775.00 to $785.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Argus set a $800.00 price objective on shares of Quanta Services in a research note on Wednesday, August 5th. Finally, BTIG Research cut shares of Quanta Services to a "hold" rating in a report on Friday, July 31st. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $769.25.

Quanta Services Stock Down 0.1%

NYSE:PWR opened at $610.59 on Thursday. The firm has a market capitalization of $91.80 billion, a price-to-earnings ratio of 69.94, a PEG ratio of 2.00 and a beta of 1.20. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The business's fifty day moving average price is $655.09 and its 200 day moving average price is $642.05.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $8.61 billion. During the same period last year, the company posted $2.48 EPS. The business's quarterly 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. On average, sell-side analysts forecast that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be given a dividend of $0.11 per share. 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 payout ratio is presently 5.04%.

Quanta Services announced that its Board of Directors has initiated a share repurchase plan on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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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