Quanta Services, Inc. $PWR Stock Position Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,606 shares of the construction company’s stock after buying an additional 2,719 shares during the quarter. Kestra Advisory Services LLC’s holdings in Quanta Services were worth $17,737,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Quanta Services by 4.7% in the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after buying an additional 296,893 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Quanta Services by 3,657.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company’s stock valued at $121,600,000 after acquiring an additional 215,591 shares during the period. Corient Private Wealth LP boosted its holdings in Quanta Services by 731.3% in the second quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company’s stock valued at $151,273,000 after acquiring an additional 184,819 shares during the last quarter. Bank of America Corp DE boosted its holdings in Quanta Services by 5.4% in the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock valued at $1,891,215,000 after acquiring an additional 175,184 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Quanta Services by 18.3% in the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock worth $551,170,000 after purchasing an additional 155,529 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PWR has been the topic of a number of research reports. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 13th. Cantor Fitzgerald reiterated an “overweight” rating and set a $862.00 price target on shares of Quanta Services in a research report on Monday, October 5th. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 3rd. KeyCorp upgraded shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price objective on the stock in a report on Friday, August 7th. Finally, TD Cowen raised their price objective on shares of Quanta Services from $785.00 to $830.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $763.81.

Quanta Services Trading Down 0.0%

Shares of NYSE PWR opened at $540.88 on Monday. The company’s fifty day moving average is $628.83 and its 200-day moving average is $626.39. The stock has a market cap of $81.50 billion, a price-to-earnings ratio of 48.99, a P/E/G ratio of 1.38 and a beta of 1.29. Quanta Services, Inc. has a twelve month low of $408.36 and a twelve month high of $788.75. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.60.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $1.04. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same quarter in the previous year, the business earned $3.33 EPS. The firm’s revenue was up 57.4% on a year-over-year basis. Equities research analysts predict that Quanta Services, Inc. will post 16.61 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services’s payout ratio is presently 3.99%.

More Quanta Services News

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quanta’s latest reported quarter topped analyst estimates: earnings were $6.06 per share versus $5.02 expected, while revenue reached $12.01 billion versus $11.03 billion expected. The results reinforce demand for the company’s infrastructure work. Quanta Services stock faces a higher execution bar after record quarter
• Positive Sentiment: Bernstein initiated a Buy view on PWR, and Zacks Research upgraded its rating from Hold to Strong Buy, adding to favorable analyst sentiment. Quanta Services gets a Buy from Bernstein Zacks Research upgrade
• Neutral Sentiment: Oppenheimer maintained its Outperform rating after PWR fell, signaling continued confidence but no new upgrade. Oppenheimer maintains Outperform
• Negative Sentiment: A post-election backlash against the AI trade has pressured industrial and AI-infrastructure shares, with Quanta among the stocks singled out in the selloff. Weakness in AI-related stocks could weigh on PWR despite its strong fundamentals. Industrial stocks hit by AI backlash selloff
• Negative Sentiment: Following the record quarter, investors may expect continued exceptional execution, leaving less room for future results to disappoint. Execution bar after record quarter

Quanta Services Company Profile

Quanta Services, Inc provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure.

The company’s services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

Founded in 1997, Quanta serves customers primarily in North America, with operations also extending to Australia and other international markets.