United Asset Strategies Inc. Buys New Position in Quanta Services, Inc. $PWR

United Asset Strategies Inc. bought a new stake in Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,381 shares of the construction company’s stock, valued at approximately $583,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC grew its stake in Quanta Services by 189.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,818 shares of the construction company’s stock valued at $767,000 after purchasing an additional 1,190 shares in the last quarter. M&T Bank Corp grew its stake in Quanta Services by 371.0% in the fourth quarter. M&T Bank Corp now owns 48,045 shares of the construction company’s stock valued at $20,278,000 after purchasing an additional 37,844 shares in the last quarter. Clarity Financial LLC grew its stake in Quanta Services by 12.9% in the fourth quarter. Clarity Financial LLC now owns 1,532 shares of the construction company’s stock valued at $647,000 after purchasing an additional 175 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Quanta Services by 33.8% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 144,397 shares of the construction company’s stock valued at $61,121,000 after purchasing an additional 36,513 shares in the last quarter. Finally, TABR Capital Management LLC bought a new position in Quanta Services in the fourth quarter valued at approximately $220,000. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PWR. Mizuho raised their price target on Quanta Services from $537.00 to $580.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Wolfe Research raised their price target on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Truist Financial raised their price target on Quanta Services from $643.00 to $713.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group raised their price target on Quanta Services from $634.00 to $654.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Bank of America raised their price target on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Eighteen 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $599.00.

Quanta Services Trading Up 3.4%

Shares of NYSE:PWR opened at $634.54 on Friday. Quanta Services, Inc. has a 12-month low of $272.00 and a 12-month high of $638.42. The stock has a market cap of $95.22 billion, a PE ratio of 93.31, a P/E/G ratio of 2.78 and a beta of 1.10. The business has a 50 day moving average of $566.91 and a 200-day moving average of $489.90. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) 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. The company had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts forecast that Quanta Services, Inc. will post 11.97 earnings per share for the current year.

Quanta Services Announces Dividend

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