State Street Corp Has $4.74 Billion Position in Quanta Services, Inc. $PWR

State Street Corp boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 4.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,581,807 shares of the construction company’s stock after purchasing an additional 296,893 shares during the quarter. State Street Corp’s holdings in Quanta Services were worth $4,739,164,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC lifted its position 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 acquiring an additional 45 shares during the last quarter. Boreal Capital Management LLC bought a new position in shares of Quanta Services in the first quarter worth about $27,000. MV Capital Management Inc. bought a new position in shares of Quanta Services in the fourth quarter worth about $30,000. Creative Financial Designs Inc. ADV lifted its position in shares of Quanta Services by 266.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock worth $32,000 after purchasing an additional 56 shares during the last quarter. Finally, Cornerstone Financial Management LLC boosted its stake in Quanta Services by 70.4% during the 2nd quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company’s stock valued at $33,000 after purchasing an additional 19 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

PWR has been the topic of several recent analyst reports. Robert W. Baird set a $728.00 price target on Quanta Services in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Deutsche Bank Aktiengesellschaft lowered shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. Truist Financial reissued a “buy” rating and issued a $976.00 price target (up from $940.00) on shares of Quanta Services in a report on Monday, August 3rd. Finally, Mizuho raised their price target on shares of Quanta Services from $659.00 to $741.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average price target of $767.72.

Quanta Services Stock Performance

Shares of NYSE PWR traded up $2.60 during trading hours on Tuesday, reaching $645.21. The stock had a trading volume of 234,118 shares, compared to its average volume of 1,140,693. The company has a market cap of $97.00 billion, a price-to-earnings ratio of 74.02, a PEG ratio of 1.89 and a beta of 1.20. Quanta Services, Inc. has a twelve month low of $387.42 and a twelve month high of $788.75. The business’s fifty day moving average is $641.38 and its two-hundred day moving average is $649.13. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same quarter in the previous year, the firm posted $2.48 EPS. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 15.33 EPS for the current year.

Quanta Services Dividend Announcement

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

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.