Whitaker Myers Wealth Managers LTD. Invests $1.70 Million in Quanta Services, Inc. $PWR

Key Points

• Whitaker Myers Wealth Managers LTD. opened a new position in Quanta Services of 4,019 shares valued at about $1.70 million in Q4, amid heavy institutional ownership (about 90.49% of the stock).
• Multiple analysts have upgraded Quanta and raised price targets, leaving a consensus rating of “Moderate Buy” with an average target of $595.50 and several targets now in the $600s.
• Quanta beat quarterly expectations (EPS $3.16 vs. $3.02 estimated; revenue up 19.7%), set FY2026 guidance of 12.65–13.35 EPS, and declared a $0.11 quarterly dividend.

Whitaker Myers Wealth Managers LTD. acquired a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,019 shares of the construction company's stock, valued at approximately $1,696,000.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in Quanta Services in the fourth quarter valued at approximately $298,000. Woodline Partners LP lifted its position in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company's stock valued at $3,170,000 after purchasing an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Quanta Services in the second quarter valued at approximately $4,632,000. Marshall Wace LLP bought a new stake in Quanta Services in the second quarter valued at approximately $996,000. Finally, StoneX Group Inc. bought a new stake in Quanta Services in the second quarter valued at approximately $204,000. 90.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on PWR shares. BMO Capital Markets upgraded Quanta Services from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $600.00 to $650.00 in a research report on Friday, March 27th. TD Cowen boosted their price objective on Quanta Services from $425.00 to $570.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. UBS Group boosted their price objective on Quanta Services from $518.00 to $646.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Evercore boosted their price objective on Quanta Services from $604.00 to $635.00 and gave the company an "outperform" rating in a research report on Wednesday, April 1st. Finally, Argus boosted their target price on Quanta Services from $540.00 to $650.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $595.50.

Quanta Services Price Performance

PWR opened at $581.72 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52-week low of $251.04 and a 52-week high of $592.58. The stock has a market capitalization of $87.04 billion, a PE ratio of 85.55, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10. The stock's 50 day moving average price is $545.63 and its 200-day moving average price is $476.47.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm had revenue of $7.84 billion for the quarter, compared to analysts' expectations of $7.38 billion. During the same period in the previous year, the firm earned $2.94 earnings per share. The business's 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. On average, equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Quanta Services's dividend payout ratio is presently 6.47%.

About Quanta Services

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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