Quanta Services, Inc. $PWR Stock: Brookstone Capital Management Grows Holdings

Key Points

• Brookstone Capital Management increased its Quanta Services stake by 15.7% in the third quarter to 32,990 shares valued at approximately $21.2 million. Institutional investors and hedge funds collectively own 90.49% of the company.
• Analyst sentiment remains positive overall, with 23 Buy ratings, seven Holds and three Sells, resulting in a consensus “Moderate Buy” rating and a $761.24 price target.
• Quanta Services shares opened at $551.47, down 8.3%, despite the company reporting quarterly EPS of $4.24 versus the $3.31 consensus estimate and revenue growth of 41.1% year over year.

Brookstone Capital Management increased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,990 shares of the construction company's stock after acquiring an additional 4,479 shares during the quarter. Brookstone Capital Management's holdings in Quanta Services were worth $21,196,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. NBT Bank N.A. bought a new stake in Quanta Services in the 3rd quarter valued at about $2,934,000. Marion Wealth Management raised its stake in Quanta Services by 1.9% during the 3rd quarter. Marion Wealth Management now owns 4,396 shares of the construction company's stock worth $2,825,000 after buying an additional 80 shares during the period. Aire Advisors LLC raised its stake in Quanta Services by 67.7% during the 3rd quarter. Aire Advisors LLC now owns 976 shares of the construction company's stock worth $627,000 after buying an additional 394 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Quanta Services by 90.3% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 8,040 shares of the construction company's stock worth $5,166,000 after acquiring an additional 3,815 shares in the last quarter. Finally, Albion Financial Group UT boosted its holdings in Quanta Services by 2.0% in the third quarter. Albion Financial Group UT now owns 26,834 shares of the construction company's stock worth $17,241,000 after acquiring an additional 517 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on PWR shares. Morgan Stanley downgraded Quanta Services to an "underweight" rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lowered Quanta Services to a "sell" rating in a research report on Friday, July 31st. Sanford C. Bernstein upgraded Quanta Services from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $748.00 to $775.00 in a report on Thursday, September 24th. Argus set a $800.00 price target on shares of Quanta Services in a research report on Wednesday, August 5th. Finally, UBS Group restated a "buy" rating on shares of Quanta Services in a research note on Monday, August 17th. Twenty-three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and a consensus price target of $761.24.

Quanta Services Trading Down 8.3%

NYSE PWR opened at $551.47 on Friday. 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 has a fifty day simple moving average of $643.16 and a 200 day simple moving average of $664.02. Quanta Services, Inc. has a 12 month low of $408.36 and a 12 month high of $788.75. The firm has a market capitalization of $82.91 billion, a P/E ratio of 63.17, a PEG ratio of 1.78 and a beta of 1.27.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the firm earned $2.48 EPS. The business's revenue for the quarter 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, analysts predict that Quanta Services, Inc. will post 15.37 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio is currently 5.04%.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.

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