Navellier & Associates Inc. Lowers Position in Quanta Services, Inc. $PWR

Navellier & Associates Inc. lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 5.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 43,608 shares of the construction company’s stock after selling 2,758 shares during the period. Quanta Services comprises 2.5% of Navellier & Associates Inc.’s holdings, making the stock its 8th largest position. Navellier & Associates Inc.’s holdings in Quanta Services were worth $31,400,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PWR. Ballast Inc. bought a new position in shares of Quanta Services during the 2nd quarter valued at $451,000. Tema ETFs LLC grew its holdings in shares of Quanta Services by 58.1% in the second quarter. Tema ETFs LLC now owns 62,648 shares of the construction company’s stock worth $45,109,000 after acquiring an additional 23,024 shares during the period. Fulcrum Equity Management bought a new stake in shares of Quanta Services in the second quarter worth $276,000. Wealthcare Advisory Partners LLC increased its position in Quanta Services by 10.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 611 shares of the construction company’s stock valued at $440,000 after acquiring an additional 60 shares during the last quarter. Finally, Revolve Wealth Partners LLC bought a new position in Quanta Services in the second quarter valued at about $244,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE:PWR opened at $603.18 on Friday. The stock has a 50-day simple moving average of $661.49 and a two-hundred day simple moving average of $639.21. Quanta Services, Inc. has a 52-week low of $363.01 and a 52-week high of $788.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The firm has a market capitalization of $90.68 billion, a PE ratio of 69.09, a P/E/G ratio of 2.04 and a beta of 1.23.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter last year, the company earned $2.48 earnings per share. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Analysts forecast that Quanta Services, Inc. will post 15.35 EPS for the current year.

Quanta Services declared that its Board of Directors has authorized a stock repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PWR shares. KeyCorp raised Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 target price on the stock in a research report on Friday, August 7th. Argus set a $800.00 price target on shares of Quanta Services in a research report on Wednesday, August 5th. Morgan Stanley cut shares of Quanta Services to an “underweight” rating in a research note on Monday, August 3rd. CICC Research assumed coverage on shares of Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 target price for the company. Finally, Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $769.25.

Quanta Services Company 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.