Split Rock Private Trading & Wealth Management LLC Purchases New Holdings in Quanta Services, Inc. $PWR

Split Rock Private Trading & Wealth Management LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,860 shares of the construction company’s stock, valued at approximately $785,000. Quanta Services accounts for 0.6% of Split Rock Private Trading & Wealth Management LLC’s portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of PWR. Darwin Wealth Management LLC bought a new position in Quanta Services during the second quarter valued at $26,000. Activest Wealth Management grew its holdings in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares during the period. Flagship Harbor Advisors LLC bought a new position in Quanta Services during the fourth quarter valued at $28,000. Cornerstone Planning Group LLC grew its holdings in Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after purchasing an additional 49 shares during the period. Finally, GPS Wealth Strategies Group LLC bought a new position in Quanta Services during the third quarter valued at $38,000. 90.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PWR has been the subject of several research reports. Evercore increased their price objective on Quanta Services from $604.00 to $635.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Sanford C. Bernstein increased their price objective on Quanta Services from $515.00 to $538.00 in a report on Wednesday, April 1st. UBS Group increased their price objective on Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a report on Friday, February 20th. Citigroup increased their price objective on Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Stifel Nicolaus set a $647.00 price target on Quanta Services in a report on Monday, February 23rd. Eighteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $595.50.

Quanta Services Price Performance

Quanta Services stock opened at $594.41 on Wednesday. Quanta Services, Inc. has a one year low of $251.04 and a one year high of $599.00. The business has a fifty day moving average price of $552.35 and a 200-day moving average price of $481.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a market capitalization of $89.20 billion, a P/E ratio of 87.41, a PEG ratio of 2.71 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period last year, the company earned $2.94 earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, 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 declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio (DPR) is presently 6.47%.

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.