Quanta Services, Inc. $PWR Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its position in shares of Quanta Services, Inc. (NYSE:PWR) by 18.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,202 shares of the construction company’s stock after selling 38,595 shares during the period. Handelsbanken Fonder AB’s holdings in Quanta Services were worth $126,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PWR. Cedar Mountain Advisors LLC lifted its holdings 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 acquiring an additional 45 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Quanta Services during the second quarter worth $26,000. Boreal Capital Management LLC purchased a new stake in Quanta Services in the first quarter valued at $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at $28,000. Finally, MV Capital Management Inc. acquired a new position in shares of Quanta Services in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of recent analyst reports. Argus set a $800.00 price objective on Quanta Services in a research report on Wednesday, August 5th. Guggenheim raised shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price on the stock in a research report on Friday, July 31st. Jefferies Financial Group lowered their target price on shares of Quanta Services from $857.00 to $784.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Quanta Services to a “sell” rating in a research note on Friday, July 31st. Finally, Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $767.21.

Quanta Services Trading Down 1.9%

NYSE PWR opened at $659.23 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The firm has a market cap of $99.11 billion, a price-to-earnings ratio of 75.51, a PEG ratio of 2.21 and a beta of 1.23. The firm has a 50 day simple moving average of $674.73 and a 200-day simple moving average of $622.86. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75.

Quanta Services (NYSE:PWR) last announced its earnings results 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 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 the consensus estimate of $8.61 billion. During the same period in the prior year, the firm earned $2.48 EPS. The firm’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. Equities research analysts anticipate that Quanta Services, Inc. will post 15.33 EPS for the current fiscal year.

Quanta Services declared that its board has approved a stock buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is presently 5.04%.

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.