Oak Thistle LLC Invests $826,000 in Quanta Services, Inc. $PWR

Key Points

• Oak Thistle LLC bought a new stake of 1,956 shares in Quanta Services (NYSE: PWR) during Q4, valued at about $826,000.
• Quanta beat earnings and revenue estimates with $3.16 EPS vs $3.02 expected and $7.84B revenue (up 19.7% YoY), and analysts have raised price targets, leaving a consensus rating of Moderate Buy and an average target of $595.50.

Oak Thistle LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,956 shares of the construction company's stock, valued at approximately $826,000.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its stake in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company's stock valued at $27,000 after acquiring an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Quanta Services in the 4th quarter valued at about $28,000. Darwin Wealth Management LLC purchased a new position in Quanta Services in the 2nd quarter valued at about $26,000. Cornerstone Planning Group LLC lifted its holdings in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock valued at $30,000 after purchasing an additional 49 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Quanta Services during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $585.54 on Friday. The business has a 50-day moving average of $547.85 and a two-hundred day moving average of $477.78. The firm has a market capitalization of $87.61 billion, a PE ratio of 86.11, a P/E/G ratio of 2.64 and a beta of 1.10. 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 12 month low of $251.04 and a 12 month high of $592.58.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating 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 business had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same period in the previous year, the company posted $2.94 EPS. The company'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. As a group, research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, April 2nd. Quanta Services's payout ratio is currently 6.47%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PWR. DA Davidson boosted their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. Roth Mkm lifted their target price on shares of Quanta Services from $600.00 to $650.00 and gave the stock a "buy" rating in a research note on Monday, April 6th. Truist Financial reiterated a "buy" rating and issued a $643.00 price target (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. The Goldman Sachs Group increased their price target on Quanta Services from $495.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Finally, Sanford C. Bernstein lifted their price objective on Quanta Services from $515.00 to $538.00 in a research report on Wednesday, April 1st. Eighteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $595.50.

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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