Quanta Services, Inc. $PWR Shares Sold by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan cut its position in shares of Quanta Services, Inc. (NYSE:PWR) by 56.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 44,595 shares of the construction company’s stock after selling 56,790 shares during the period. Nissay Asset Management Corp Japan’s holdings in Quanta Services were worth $32,110,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PWR. Cedar Mountain Advisors LLC grew its holdings in shares of 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 purchasing an additional 45 shares during the period. Darwin Wealth Management LLC purchased a new position in Quanta Services in the second quarter valued at approximately $26,000. Boreal Capital Management LLC purchased a new position in Quanta Services in the first quarter valued at approximately $27,000. MV Capital Management Inc. acquired a new position in Quanta Services during the fourth quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. grew its stake in Quanta Services by 221.7% during the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after buying an additional 51 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. CICC Research started coverage on shares of Quanta Services in a report on Thursday, May 21st. They set an “outperform” rating and a $872.00 target price on the stock. BTIG Research downgraded Quanta Services to a “hold” rating in a report on Friday, July 31st. Argus set a $800.00 price objective on Quanta Services in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald assumed coverage on Quanta Services in a research note on Friday, July 31st. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $769.25.

Quanta Services Trading Down 3.0%

PWR opened at $603.18 on Friday. The firm’s 50 day moving average is $661.49 and its 200-day moving average is $639.21. Quanta Services, Inc. has a 52-week low of $363.01 and a 52-week high of $788.75. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $90.68 billion, a P/E ratio of 69.09, a P/E/G ratio of 2.04 and a beta of 1.23.

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, beating the consensus estimate of $3.31 by $0.93. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Analysts expect that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services announced that its Board of Directors has initiated a share buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Quanta Services Company Profile

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.