WINTON GROUP Ltd Makes New Investment in Quanta Services, Inc. $PWR

WINTON GROUP Ltd purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,480 shares of the construction company’s stock, valued at approximately $1,066,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PWR. Cetera Investment Advisers lifted its stake in shares of Quanta Services by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock worth $40,701,000 after acquiring an additional 4,087 shares during the period. Evoke Wealth LLC acquired a new position in shares of Quanta Services during the fourth quarter valued at approximately $368,000. North Dakota State Investment Board bought a new stake in Quanta Services during the fourth quarter worth approximately $2,131,000. Brighton Jones LLC acquired a new stake in Quanta Services in the fourth quarter worth approximately $298,000. Finally, Leonteq Securities AG bought a new position in Quanta Services during the 4th quarter valued at $1,040,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PWR. CICC Research started coverage on Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price target on the stock. TD Cowen raised their target price on Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. UBS Group reaffirmed a “buy” rating on shares of Quanta Services in a report on Monday, August 17th. Argus set a $800.00 price target on shares of Quanta Services in a research report on Wednesday, August 5th. Finally, Mizuho upped their price target on shares of Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $767.72.

Quanta Services Stock Performance

Shares of PWR opened at $649.99 on Monday. The company has a 50-day moving average of $645.78 and a two-hundred day moving average of $646.67. The stock has a market cap of $97.72 billion, a price-to-earnings ratio of 74.46, a PEG ratio of 2.13 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. Quanta Services, Inc. has a one year low of $373.39 and a one year high of $788.75.

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

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be issued a $0.11 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is presently 5.04%.

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

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.

Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.