Quanta Services, Inc. $PWR Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its position in Quanta Services, Inc. (NYSE:PWR) by 19.1% during the third quarter, Holdings Channel.com reports. The firm owned 24,764 shares of the construction company’s stock after buying an additional 3,978 shares during the period. Swiss Life Asset Management Ltd’s holdings in Quanta Services were worth $10,263,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services in the second quarter valued at approximately $26,000. Activest Wealth Management boosted its position in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after acquiring an additional 32 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares during the period. Berbice Capital Management LLC purchased a new stake in Quanta Services in the 2nd quarter worth approximately $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in Quanta Services in the 3rd quarter valued at $38,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Trading Down 3.8%

Shares of PWR opened at $555.73 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $583.73. The firm has a market capitalization of $83.15 billion, a P/E ratio of 81.72, a price-to-earnings-growth ratio of 2.63 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $518.34 and its 200 day simple moving average is $458.97.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Quanta Services’s dividend payout ratio is 6.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Bank of America raised their price objective on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Truist Financial reiterated a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. TD Cowen raised their price target on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Cantor Fitzgerald lifted their price target on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Finally, B. Riley Financial increased their price objective on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $576.55.

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.