Quanta Services, Inc. $PWR Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in Quanta Services, Inc. (NYSE:PWR) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,554 shares of the construction company’s stock after buying an additional 6,162 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Quanta Services were worth $21,337,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PWR. Darwin Wealth Management LLC purchased a new stake in shares of Quanta Services in the second quarter valued at about $26,000. Activest Wealth Management raised its stake in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after purchasing an additional 49 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Quanta Services in the 2nd quarter valued at approximately $38,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of Quanta Services in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

PWR has been the topic of several analyst reports. Cantor Fitzgerald lifted their price target on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Argus raised their target price on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. UBS Group lifted their target price on Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Finally, Bank of America increased their price target on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $587.91.

Quanta Services Stock Up 0.8%

Shares of PWR opened at $549.99 on Friday. The company’s 50-day simple moving average is $530.07 and its 200-day simple moving average is $465.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $583.73. The stock has a market capitalization of $82.29 billion, a PE ratio of 80.88, a P/E/G ratio of 2.48 and a beta of 1.10.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the business posted $2.94 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.47%.

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.