997 Shares in Quanta Services, Inc. $PWR Acquired by TrueWealth Advisors LLC

TrueWealth Advisors LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, Holdings Channel reports. The firm purchased 997 shares of the construction company’s stock, valued at approximately $421,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PWR. TruWealth Advisors LLC increased its holdings in Quanta Services by 0.9% in the fourth quarter. TruWealth Advisors LLC now owns 63,789 shares of the construction company’s stock valued at $26,923,000 after buying an additional 549 shares during the last quarter. MFG Wealth Management Inc. purchased a new position in shares of Quanta Services in the 4th quarter valued at about $1,374,000. Everhart Financial Group Inc. raised its position in shares of Quanta Services by 10.0% during the 4th quarter. Everhart Financial Group Inc. now owns 5,500 shares of the construction company’s stock worth $2,321,000 after acquiring an additional 502 shares in the last quarter. Abner Herrman & Brock LLC lifted its stake in Quanta Services by 27.8% during the fourth quarter. Abner Herrman & Brock LLC now owns 17,819 shares of the construction company’s stock worth $7,521,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Quanta Services by 83.6% in the fourth quarter. Avior Wealth Management LLC now owns 1,491 shares of the construction company’s stock valued at $629,000 after purchasing an additional 679 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PWR shares. Argus boosted their price objective on shares of Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Sanford C. Bernstein lifted their price target on shares of Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 24th. TD Cowen boosted their price target on shares of Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, Citigroup lifted their target price on Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Stock Down 3.8%

Quanta Services stock opened at $555.73 on Friday. The stock has a market capitalization of $83.15 billion, a price-to-earnings ratio of 81.72, a PEG ratio of 2.63 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $518.34 and a two-hundred day moving average of $458.97. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $583.73.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. The firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the company earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

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 issued a dividend of $0.11 per share. 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 currently 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.