Quanta Services, Inc. $PWR Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 18.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,202 shares of the construction company’s stock after selling 38,595 shares during the quarter. Handelsbanken Fonder AB owned about 0.12% of Quanta Services worth $126,152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PWR. Cetera Investment Advisers increased its holdings in shares of Quanta Services by 5.8% in the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock valued at $40,701,000 after purchasing an additional 4,087 shares during the period. Evoke Wealth LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth about $368,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Quanta Services by 3.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock worth $55,052,000 after purchasing an additional 3,966 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Quanta Services by 9.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock valued at $21,357,000 after buying an additional 4,568 shares during the last quarter. Finally, Lebenthal Global Advisors LLC increased its holdings in Quanta Services by 9.8% in the 4th quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock worth $3,915,000 after buying an additional 830 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE PWR opened at $659.23 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $674.73 and its 200-day simple moving average is $622.86. The company has a market cap of $99.11 billion, a PE ratio of 75.51, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.31 by $0.93. The firm had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm’s revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 15.33 EPS for the current fiscal year.

Quanta Services declared that its Board of Directors has authorized a stock repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date was Wednesday, July 1st. Quanta Services’s dividend payout ratio is presently 5.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PWR shares. Robert W. Baird set a $728.00 price target on shares of Quanta Services in a research report on Friday, July 31st. B. Riley Financial reaffirmed a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $714.00 target price on shares of Quanta Services in a report on Tuesday, July 21st. KeyCorp upgraded shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 target price for the company in a research report on Friday. Finally, Jefferies Financial Group lowered their price target on shares of Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $767.21.

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.