TD Waterhouse Canada Inc. Raises Stock Holdings in Quanta Services, Inc. $PWR

Key Points

• TD Waterhouse Canada increased its Quanta Services stake by 36.4% in the second quarter, bringing its holdings to 82,959 shares valued at approximately $57.3 million. Institutional investors collectively own 90.49% of the company.
• Analyst sentiment remains positive overall, with Quanta Services receiving a “Moderate Buy” consensus rating and an average price target of $769.25, despite ratings ranging from “Sell” to “Strong Buy.”
• Quanta Services exceeded quarterly expectations, reporting $4.24 in EPS and $9.56 billion in revenue, while revenue grew 41.1% year over year. The company also authorized a $1 billion share buyback and declared a quarterly dividend of $0.11 per share.

TD Waterhouse Canada Inc. grew its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 36.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,959 shares of the construction company's stock after buying an additional 22,150 shares during the period. TD Waterhouse Canada Inc. owned 0.06% of Quanta Services worth $57,323,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Quanta Services in the fourth quarter worth about $298,000. Woodline Partners LP lifted its holdings in shares of Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company's stock worth $3,170,000 after purchasing an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Quanta Services in the second quarter valued at approximately $4,632,000. Marshall Wace LLP acquired a new position in Quanta Services in the 2nd quarter worth approximately $996,000. Finally, StoneX Group Inc. acquired a new position in Quanta Services in the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PWR. Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a "sell" rating in a research note on Friday, July 31st. Guggenheim upgraded shares of Quanta Services from a "neutral" rating to a "buy" rating and set a $800.00 target price for the company in a research report on Friday, July 31st. Cantor Fitzgerald began coverage on shares of Quanta Services in a report on Friday, July 31st. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $714.00 price target on shares of Quanta Services in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $833.00 price objective on shares of Quanta Services in a report on Thursday, August 13th. One research analyst has 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 stock. Based on data from MarketBeat.com, Quanta Services currently has an average rating of "Moderate Buy" and an average price target of $769.25.

Quanta Services Stock Up 1.7%

Quanta Services stock opened at $620.95 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The stock has a market capitalization of $93.35 billion, a PE ratio of 71.13, a price-to-earnings-growth ratio of 2.00 and a beta of 1.20. The business has a 50 day simple moving average of $653.14 and a 200-day simple moving average of $642.74. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.93. The firm had revenue of $9.56 billion for the quarter, compared to analysts' expectations of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services declared that its Board of Directors has approved a share repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be paid a $0.11 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 5.04%.

Quanta Services 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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