Quanta Services, Inc. $PWR Stock Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 14.1% during the third quarter, Holdings Channel.com reports. The firm owned 95,618 shares of the construction company’s stock after selling 15,666 shares during the period. Calamos Advisors LLC’s holdings in Quanta Services were worth $61,436,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PWR. State Street Corp raised its stake in Quanta Services by 4.7% in the second quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after buying an additional 296,893 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Quanta Services by 3,657.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company’s stock valued at $121,600,000 after acquiring an additional 215,591 shares in the last quarter. Corient Private Wealth LP increased its holdings in shares of Quanta Services by 731.3% in the 2nd quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company’s stock valued at $151,273,000 after acquiring an additional 184,819 shares during the period. Bank of America Corp DE increased its holdings in shares of Quanta Services by 5.4% in the 1st quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock valued at $1,891,215,000 after acquiring an additional 175,184 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Quanta Services by 18.3% in the 1st quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock valued at $551,170,000 after acquiring an additional 155,529 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PWR has been the subject of a number of analyst reports. Truist Financial upped their price objective on Quanta Services from $945.00 to $960.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft downgraded Quanta Services to a “sell” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Oppenheimer reduced their target price on shares of Quanta Services from $835.00 to $800.00 and set an “outperform” rating for the company in a report on Monday, November 2nd. Finally, The Goldman Sachs Group set a $781.00 price target on shares of Quanta Services in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $763.81.

Quanta Services Stock Up 6.3%

NYSE:PWR traded up $31.82 during mid-day trading on Friday, hitting $540.88. 2,775,356 shares of the company’s stock traded hands, compared to its average volume of 1,301,242. The company has a fifty day moving average of $628.83 and a 200 day moving average of $626.39. Quanta Services, Inc. has a twelve month low of $408.36 and a twelve month high of $788.75. The company has a market capitalization of $81.50 billion, a P/E ratio of 48.99, a P/E/G ratio of 1.62 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.13 and a current ratio of 1.16.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.02 by $1.04. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.03 billion. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the company earned $3.33 earnings per share. On average, analysts forecast that Quanta Services, Inc. will post 16.61 EPS for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services’s dividend payout ratio (DPR) is presently 3.99%.

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quanta’s latest reported quarter topped analyst estimates: earnings were $6.06 per share versus $5.02 expected, while revenue reached $12.01 billion versus $11.03 billion expected. The results reinforce demand for the company’s infrastructure work. Quanta Services stock faces a higher execution bar after record quarter
• Positive Sentiment: Bernstein initiated a Buy view on PWR, and Zacks Research upgraded its rating from Hold to Strong Buy, adding to favorable analyst sentiment. Quanta Services gets a Buy from Bernstein Zacks Research upgrade
• Neutral Sentiment: Oppenheimer maintained its Outperform rating after PWR fell, signaling continued confidence but no new upgrade. Oppenheimer maintains Outperform
• Negative Sentiment: A post-election backlash against the AI trade has pressured industrial and AI-infrastructure shares, with Quanta among the stocks singled out in the selloff. Weakness in AI-related stocks could weigh on PWR despite its strong fundamentals. Industrial stocks hit by AI backlash selloff
• Negative Sentiment: Following the record quarter, investors may expect continued exceptional execution, leaving less room for future results to disappoint. Execution bar after record quarter

Quanta Services Company Profile

Quanta Services, Inc provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure.

The company’s services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

Founded in 1997, Quanta serves customers primarily in North America, with operations also extending to Australia and other international markets.