Quanta Services, Inc. $PWR Shares Purchased by Corient Private Wealth LP

Corient Private Wealth LP increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 731.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,091 shares of the construction company's stock after buying an additional 184,819 shares during the quarter. Corient Private Wealth LP owned 0.14% of Quanta Services worth $151,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PWR. Bartlett & CO. Wealth Management LLC raised its position in shares of Quanta Services by 2.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company's stock valued at $282,000 after purchasing an additional 13 shares during the last quarter. Pincus Capital Management LP grew its stake in Quanta Services by 0.4% during the 1st quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company's stock valued at $2,026,000 after purchasing an additional 15 shares during the last quarter. SouthState Bank Corp increased its holdings in shares of Quanta Services by 23.5% in the first quarter. SouthState Bank Corp now owns 84 shares of the construction company's stock valued at $46,000 after purchasing an additional 16 shares during the period. Lewis Asset Management LLC raised its stake in shares of Quanta Services by 2.5% in the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company's stock worth $380,000 after purchasing an additional 17 shares during the last quarter. Finally, Stiles Financial Services Inc lifted its stake in Quanta Services by 1.8% during the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company's stock valued at $542,000 after acquiring an additional 17 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PWR. Raymond James Financial assumed coverage on shares of Quanta Services in a research note on Friday, July 31st. They issued an "outperform" rating on the stock. BTIG Research downgraded Quanta Services to a "hold" rating in a research report on Friday, July 31st. Piper Sandler assumed coverage on Quanta Services in a research note on Tuesday. They set an "overweight" rating and a $731.00 price objective for the company. Cantor Fitzgerald started coverage on shares of Quanta Services in a research report on Friday, July 31st. They issued an "outperform" rating for the company. Finally, Wall Street Zen lowered Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday. Two research analysts have 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $767.72.

Quanta Services Price Performance

Shares of PWR opened at $649.99 on Friday. The firm has a 50-day simple moving average of $645.78 and a two-hundred day simple moving average of $645.99. The stock has a market cap of $97.72 billion, a PE ratio of 74.46, a P/E/G ratio of 2.03 and a beta of 1.20. Quanta Services, Inc. has a 1-year low of $373.39 and a 1-year high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results 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 company had revenue of $9.56 billion for the quarter, compared to analysts' expectations of $8.61 billion. During the same period in the prior year, the firm earned $2.48 earnings per share. The firm'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, analysts forecast that Quanta Services, Inc. will post 15.35 EPS for the current year.

Quanta Services declared that its Board of Directors has authorized a share repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Quanta Services Dividend Announcement

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

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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