Westwood Wealth Management bought a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,169 shares of the construction company's stock, valued at approximately $2,604,000. Quanta Services makes up approximately 2.0% of Westwood Wealth Management's holdings, making the stock its 13th largest holding.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management grew its stake in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company's stock valued at $27,000 after acquiring an additional 32 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the second quarter worth approximately $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock worth $30,000 after purchasing an additional 49 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new stake in Quanta Services in the 3rd quarter valued at $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Quanta Services in the 3rd quarter valued at $38,000. Institutional investors own 90.49% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Quanta Services from $515.00 to $627.00 and gave the stock an "overweight" rating in a report on Friday, February 20th. Truist Financial reissued a "buy" rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Roth Mkm restated a "buy" rating and issued a $600.00 target price on shares of Quanta Services in a report on Friday, February 20th. Cantor Fitzgerald lifted their price target on Quanta Services from $520.00 to $630.00 and gave the company an "overweight" rating in a research note on Friday, February 20th. Finally, TD Cowen boosted their price objective on Quanta Services from $425.00 to $570.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Quanta Services currently has a consensus rating of "Moderate Buy" and an average target price of $576.55.
Get Our Latest Analysis on PWR
Quanta Services Stock Down 4.9%
PWR opened at $545.27 on Friday. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $583.73. The firm has a market capitalization of $81.58 billion, a P/E ratio of 80.19, a PEG ratio of 2.61 and a beta of 1.10. The company's 50-day moving average is $528.41 and its 200 day moving average is $464.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09.
Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period in the prior year, the firm posted $2.94 EPS. The firm's quarterly revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.
Quanta Services Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be given a dividend of $0.11 per share. 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, April 2nd. Quanta Services's dividend payout ratio (DPR) is presently 6.47%.
Quanta Services Company Profile
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Free Report)
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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