Waverly Advisors LLC Boosts Stock Holdings in Quanta Services, Inc. $PWR

Key Points

• Waverly Advisors increased its Quanta Services stake by 3,275.5% in the second quarter, owning 62,953 shares valued at approximately $45.3 million. Institutional investors collectively own 90.49% of the company.
• Quanta Services reported strong quarterly results, with EPS of $4.24 versus the $3.31 analyst consensus and revenue of $9.56 billion, up 41.1% year over year. The company issued fiscal 2026 EPS guidance of $16.45–$16.95.
• Shares recently traded at $639.02, while analysts maintain a “Moderate Buy” consensus and an average price target of $769.25. Quanta also authorized a $1 billion share repurchase plan and declared a quarterly dividend of $0.11 per share.

Waverly Advisors LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 3,275.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,953 shares of the construction company's stock after buying an additional 61,088 shares during the period. Waverly Advisors LLC's holdings in Quanta Services were worth $45,329,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PWR. Bartlett & CO. Wealth Management LLC increased its stake in Quanta Services by 2.6% in 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 during the period. Pincus Capital Management LP grew its holdings in shares of Quanta Services by 0.4% in the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company's stock worth $2,026,000 after purchasing an additional 15 shares during the last quarter. SouthState Bank Corp increased its stake 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 worth $46,000 after buying an additional 16 shares during the period. Lewis Asset Management LLC raised its holdings in Quanta Services by 2.5% during 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 during the last quarter. Finally, Stiles Financial Services Inc boosted its position 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 buying an additional 17 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Up 2.3%

Quanta Services stock traded up $14.61 on Tuesday, hitting $639.02. 831,705 shares of the stock traded hands, compared to its average volume of 1,162,385. Quanta Services, Inc. has a 1 year low of $370.27 and a 1 year high of $788.75. The firm has a market cap of $96.07 billion, a P/E ratio of 73.20, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. 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's fifty day simple moving average is $650.04 and its 200 day simple moving average is $644.14.

Quanta Services (NYSE:PWR - Get Free Report) last issued 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. 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 analysts' expectations of $8.61 billion. During the same period last year, the company posted $2.48 EPS. Quanta Services's revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services declared that its Board of Directors has initiated a share buyback plan on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Benchmark cut Quanta Services to a "sell" rating in a research note on Friday, July 31st. Weiss Ratings lowered Quanta Services from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. Truist Financial restated a "buy" rating and set a $976.00 target price (up from $940.00) on shares of Quanta Services in a report on Monday, August 3rd. Oppenheimer upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and set a $800.00 price target on the stock in a report on Thursday, May 28th. Finally, Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and a consensus price target of $769.25.

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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