Quanta Services, Inc. $PWR Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 12.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,293 shares of the construction company’s stock after selling 4,034 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Quanta Services were worth $17,536,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its stake in Quanta Services by 2.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after purchasing an additional 13 shares during the last quarter. Pincus Capital Management LP lifted its position in Quanta Services by 0.4% during the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after buying an additional 15 shares during the period. SouthState Bank Corp boosted its stake in Quanta Services by 23.5% in the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after buying an additional 16 shares during the last quarter. Lewis Asset Management LLC boosted its stake in Quanta Services by 2.5% in the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after buying an additional 17 shares during the last quarter. Finally, Stiles Financial Services Inc grew its holdings in Quanta Services by 1.8% in the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on PWR shares. Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a research note on Friday, July 31st. Raymond James Financial started coverage on shares of Quanta Services in a report on Friday, July 31st. They set an “outperform” rating on the stock. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. Finally, Truist Financial lowered their target price on shares of Quanta Services from $976.00 to $945.00 and set a “buy” rating for the company in a report on Monday, October 5th. Twenty-three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $763.04.

Quanta Services Trading Up 0.7%

Shares of PWR stock opened at $599.96 on Thursday. The stock has a market cap of $90.20 billion, a price-to-earnings ratio of 68.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a fifty-two week low of $404.51 and a fifty-two week high of $788.75. The firm’s 50 day moving average price is $645.62 and its two-hundred day moving average price is $664.09.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) 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 company had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 15.37 EPS for the current year.

Quanta Services Dividend Announcement

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

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.