Quanta Services, Inc. $PWR Stock: Fulcrum Asset Management LLP Decreases Stake

Key Points

• Fulcrum Asset Management cut its Quanta Services stake by 32.6% in the third quarter, selling 4,537 shares and retaining 9,359 shares valued at about $6.1 million. Institutional investors collectively own 90.49% of the stock.
• Quanta reported a strong quarter, with EPS of $6.06 versus $5.02 expected and revenue of $12.01 billion versus $11.03 billion expected; revenue increased 57.4% year over year.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $763.81, though views range from Buy to Sell.

Fulcrum Asset Management LLP reduced its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 32.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,359 shares of the construction company's stock after selling 4,537 shares during the quarter. Fulcrum Asset Management LLP's holdings in Quanta Services were worth $6,100,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PWR. Cetera Investment Advisers boosted its holdings in Quanta Services by 5.8% during the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company's stock worth $40,701,000 after purchasing an additional 4,087 shares during the last quarter. State Street Corp grew its position in Quanta Services by 4.7% in the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company's stock worth $4,739,164,000 after purchasing an additional 296,893 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Quanta Services in the 2nd quarter worth about $1,066,000. Envestnet Asset Management Inc. increased its stake in Quanta Services by 11.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 225,059 shares of the construction company's stock valued at $162,051,000 after buying an additional 23,850 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its stake in Quanta Services by 287.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 4,149 shares of the construction company's stock valued at $2,665,000 after buying an additional 3,079 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on PWR shares. Mizuho set a $684.00 target price on shares of Quanta Services in a research report on Wednesday, October 7th. Weiss Ratings raised Quanta Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, October 13th. Wall Street Zen raised Quanta Services from a "hold" rating to a "buy" rating in a report on Saturday, October 31st. Piper Sandler decreased their price target on Quanta Services from $731.00 to $714.00 and set an "overweight" rating for the company in a research report on Monday, September 28th. Finally, Benchmark lowered Quanta Services to a "sell" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $763.81.

Trending Headlines about Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quanta’s latest reported quarter topped analyst estimates: earnings were $6.06 per share versus $5.02 expected, while revenue reached $12.01 billion versus $11.03 billion expected. The results reinforce demand for the company’s infrastructure work. Quanta Services stock faces a higher execution bar after record quarter
• Positive Sentiment: Bernstein initiated a Buy view on PWR, and Zacks Research upgraded its rating from Hold to Strong Buy, adding to favorable analyst sentiment. Quanta Services gets a Buy from Bernstein Zacks Research upgrade
• Neutral Sentiment: Oppenheimer maintained its Outperform rating after PWR fell, signaling continued confidence but no new upgrade. Oppenheimer maintains Outperform
• Negative Sentiment: A post-election backlash against the AI trade has pressured industrial and AI-infrastructure shares, with Quanta among the stocks singled out in the selloff. Weakness in AI-related stocks could weigh on PWR despite its strong fundamentals. Industrial stocks hit by AI backlash selloff
• Negative Sentiment: Following the record quarter, investors may expect continued exceptional execution, leaving less room for future results to disappoint. Execution bar after record quarter

Quanta Services Stock Down 0.0%

PWR opened at $540.88 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The stock has a market cap of $81.50 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 1.38 and a beta of 1.29. Quanta Services, Inc. has a twelve month low of $408.36 and a twelve month high of $788.75. The company's 50-day moving average price is $628.83 and its two-hundred day moving average price is $626.39.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $1.04. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same quarter last year, the business posted $3.33 EPS. Quanta Services's quarterly revenue was up 57.4% compared to the same quarter last year. As a group, equities analysts expect that Quanta Services, Inc. will post 16.61 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services's dividend payout ratio is 3.99%.

Quanta Services Company Profile

Quanta Services, Inc provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure.

The company's services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

Founded in 1997, Quanta serves customers primarily in North America, with operations also extending to Australia and other international markets.

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