Sigma Planning Corp Acquires 2,127 Shares of Quanta Services, Inc. $PWR

Sigma Planning Corp lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 98.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,280 shares of the construction company's stock after purchasing an additional 2,127 shares during the quarter. Sigma Planning Corp's holdings in Quanta Services were worth $3,082,000 as of its most recent SEC filing.

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

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $603.18 on Monday. The company's 50 day moving average price is $661.49 and its two-hundred day moving average price is $640.09. The firm has a market capitalization of $90.68 billion, a P/E ratio of 69.09, a P/E/G ratio of 1.98 and a beta of 1.23. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week 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 announced its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the prior year, the business earned $2.48 earnings per share. The company'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, equities analysts forecast that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

Quanta Services announced that its board has authorized a stock buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a research note on Friday, July 31st. BTIG Research cut Quanta Services to a "hold" rating in a research note on Friday, July 31st. CICC Research initiated coverage on Quanta Services in a report on Thursday, May 21st. They issued an "outperform" rating and a $872.00 target price on the stock. The Goldman Sachs Group lifted their price target on Quanta Services from $685.00 to $826.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft cut 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 have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of "Moderate Buy" and an average price target of $769.25.

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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