Quanta Services, Inc. $PWR Shares Acquired by Corient Private Wealth LP

Corient Private Wealth LP lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 731.3% in the second quarter, HoldingsChannel reports. The firm owned 210,091 shares of the construction company’s stock after acquiring an additional 184,819 shares during the quarter. Corient Private Wealth LP’s holdings in Quanta Services were worth $151,273,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PWR shares. Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Truist Financial reiterated a “buy” rating and set a $976.00 price target (up from $940.00) on shares of Quanta Services in a research note on Monday, August 3rd. Wall Street Zen cut Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley downgraded shares of Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Finally, TD Cowen boosted their price target on Quanta Services from $775.00 to $785.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $767.72.

Quanta Services Price Performance

PWR opened at $649.99 on Friday. 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, Inc. has a 1-year low of $373.39 and a 1-year high of $788.75. The company has a 50-day moving average of $645.78 and a 200-day moving average of $645.99. The company has a market capitalization of $97.72 billion, a P/E ratio of 74.46, a PEG ratio of 2.03 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released 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 for the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. Quanta Services’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities analysts expect that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 5.04%.

Quanta Services declared that its board has authorized a share buyback plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.

Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.