Dynamic Advisor Solutions LLC lessened its stake in Quanta Services, Inc. (NYSE:PWR – Free Report) by 23.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,931 shares of the construction company’s stock after selling 1,810 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Quanta Services were worth $4,270,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC increased its stake in shares of Quanta Services by 2.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after acquiring an additional 13 shares during the period. Pincus Capital Management LP lifted its position in Quanta Services by 0.4% in the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after purchasing an additional 15 shares during the period. SouthState Bank Corp boosted its stake in Quanta Services by 23.5% during the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after purchasing an additional 16 shares in the last quarter. Lewis Asset Management LLC boosted its stake in Quanta Services by 2.5% during the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after purchasing an additional 17 shares in the last quarter. Finally, Stiles Financial Services Inc increased its position in shares of Quanta Services by 1.8% during the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after purchasing an additional 17 shares during the period. 90.49% of the stock is currently owned by institutional investors.
Quanta Services Trading Down 2.4%
Shares of NYSE PWR opened at $666.67 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75. The business has a 50-day moving average price of $676.08 and a two-hundred day moving average price of $620.04. The firm has a market capitalization of $100.23 billion, a PE ratio of 76.37, a PEG ratio of 2.25 and a beta of 1.23.
Quanta Services announced that its Board of Directors has initiated a stock buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
Quanta Services Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were given a $0.11 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is presently 5.04%.
Trending Headlines about Quanta Services
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Quanta raised its 2026 revenue, earnings, adjusted EBITDA and free-cash-flow outlook after exceeding second-quarter expectations. Its record backlog points to sustained demand for power-grid, energy and data-center infrastructure. How Quanta’s Raised 2026 Outlook Could Reshape Its Growth Story Ahead
- Positive Sentiment: Recent acquisitions are expanding Quanta’s reach in power infrastructure and data centers, potentially increasing its addressable market as electricity demand accelerates. Is Quanta’s Raised 2026 Outlook Just the Start of a Bigger Story?
- Positive Sentiment: Analyst commentary remains supportive, including Truist’s reaffirmed Buy rating and Mizuho’s increased price target of $741. Other coverage highlights Quanta’s earnings growth, cash generation and favorable infrastructure trends. Mizuho Boosts Quanta Services Price Target
- Neutral Sentiment: Growth-focused analysis identifies PWR as a strong growth stock, supported by its operating momentum and backlog. However, these assessments are largely investor-style and factor-based rather than new company announcements. Here’s Why Quanta Services Is a Strong Growth Stock
- Negative Sentiment: Valuation remains the key concern. With PWR trading at a premium to relevant benchmarks, investors may demand continued earnings and cash-flow acceleration before pushing the shares higher. Is PWR a Buy Today as Growth Accelerates but Valuation Stays High
- Negative Sentiment: The stock has declined 11.7% over the past three months despite improving fundamentals, suggesting profit-taking, valuation concerns or high expectations are currently offsetting the favorable outlook. Why PWR Is Down 11.7% in Three Months
Wall Street Analyst Weigh In
Several analysts have recently weighed in on PWR shares. Stifel Nicolaus set a $784.00 price objective on Quanta Services in a report on Friday, May 1st. BNP Paribas Exane began coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Mizuho raised their price objective on shares of Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research report on Monday. CICC Research assumed coverage on shares of Quanta Services in a research note on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price objective on the stock. Finally, BTIG Research lowered shares of Quanta Services to a “hold” rating in a research note on Friday, July 31st. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $767.21.
View Our Latest Stock Report on Quanta Services
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.
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