Signal Advisors Wealth LLC Reduces Stock Position in Quanta Services, Inc. $PWR

Signal Advisors Wealth LLC decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,043 shares of the construction company’s stock after selling 976 shares during the quarter. Quanta Services accounts for about 0.9% of Signal Advisors Wealth LLC’s holdings, making the stock its 27th biggest position. Signal Advisors Wealth LLC’s holdings in Quanta Services were worth $10,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ boosted its position in shares of Quanta Services by 5.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after buying an additional 2,375 shares in the last quarter. Calamos Advisors LLC raised its position in Quanta Services by 17.1% during the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after acquiring an additional 15,388 shares during the last quarter. Chilton Capital Management LLC lifted its holdings in shares of Quanta Services by 63.3% in the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after purchasing an additional 64,560 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Quanta Services by 59.9% in the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after purchasing an additional 16,637 shares during the last quarter. Finally, Atria Investments Inc increased its stake in shares of Quanta Services by 20.4% during the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock worth $5,727,000 after purchasing an additional 2,340 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent research reports. Bank of America upped their target price on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Robert W. Baird upped their price objective on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Sanford C. Bernstein increased their price objective on Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. lifted their price objective on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Finally, Roth Mkm restated a “buy” rating and issued a $600.00 target price on shares of Quanta Services in a report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $572.91 on Thursday. The company has a market cap of $85.72 billion, a P/E ratio of 84.25, a P/E/G ratio of 2.63 and a beta of 1.10. The business has a fifty day simple moving average of $526.45 and a 200-day simple moving average of $463.74. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $583.73. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. The firm had revenue of $7.84 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

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

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.