Groupe la Francaise Sells 2,141 Shares of Quanta Services, Inc. $PWR

Groupe la Francaise lowered its position in shares of Quanta Services, Inc. (NYSE:PWR) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,778 shares of the construction company’s stock after selling 2,141 shares during the period. Groupe la Francaise’s holdings in Quanta Services were worth $65,382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers increased its stake in shares of Quanta Services by 5.8% in the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock valued at $40,701,000 after buying an additional 4,087 shares during the period. Evoke Wealth LLC bought a new stake in Quanta Services during the 4th quarter worth approximately $368,000. North Dakota State Investment Board bought a new stake in Quanta Services during the 4th quarter worth approximately $2,131,000. Brighton Jones LLC acquired a new position in Quanta Services in the 4th quarter valued at approximately $298,000. Finally, Alta Capital Management LLC bought a new position in shares of Quanta Services during the fourth quarter valued at $1,685,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PWR. Jefferies Financial Group reissued a “buy” rating and issued a $833.00 price objective on shares of Quanta Services in a research note on Thursday, August 13th. TD Cowen lifted their target price on Quanta Services from $775.00 to $785.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Mizuho increased their price target on Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Raymond James Financial began coverage on Quanta Services in a research report on Friday, July 31st. They set an “outperform” rating for the company. Finally, Benchmark lowered Quanta Services to a “sell” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $769.25.

Quanta Services Price Performance

PWR stock opened at $623.80 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The firm has a market cap of $93.78 billion, a price-to-earnings ratio of 71.45, a PEG ratio of 2.05 and a beta of 1.20. The company’s fifty day simple moving average is $651.88 and its 200 day simple moving average is $643.44. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75.

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. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period last year, the company posted $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services Announces Dividend

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

Quanta Services announced that its Board of Directors has approved a stock repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership 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.