iSAM Funds UK Ltd Buys Shares of 1,040 Quanta Services, Inc. $PWR

iSAM Funds UK Ltd purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the second quarter, Holdings Channel.com reports. The firm purchased 1,040 shares of the construction company’s stock, valued at approximately $749,000.

Several other hedge funds and other institutional investors have also modified their holdings of PWR. Cedar Mountain Advisors LLC grew its stake in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Quanta Services in the 2nd quarter worth about $26,000. Boreal Capital Management LLC purchased a new stake in shares of Quanta Services during the 1st quarter worth about $27,000. MV Capital Management Inc. acquired a new stake in shares of Quanta Services during the 4th quarter valued at about $30,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Quanta Services by 221.7% in the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after buying an additional 51 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PWR. TD Cowen raised their price objective on shares of Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Benchmark downgraded shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. BTIG Research lowered shares of Quanta Services to a “hold” rating in a research note on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and set a $833.00 price target on shares of Quanta Services in a report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $769.25.

Quanta Services Trading Down 0.1%

Shares of NYSE:PWR opened at $610.59 on Thursday. The company has a market cap of $91.80 billion, a P/E ratio of 69.94, a P/E/G ratio of 2.00 and a beta of 1.20. The stock’s 50-day moving average is $655.09 and its 200-day moving average is $642.05. 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.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share 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 business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter in the previous year, the firm earned $2.48 EPS. The firm’s revenue 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. Equities research analysts predict that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services announced that its Board of Directors has initiated a stock repurchase program on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.