Quanta Services, Inc. $PWR Stock Holdings Lifted by State Street Corp

State Street Corp grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 4.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,581,807 shares of the construction company’s stock after acquiring an additional 296,893 shares during the period. State Street Corp owned about 4.38% of Quanta Services worth $4,739,164,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers boosted its stake in Quanta Services by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock worth $40,701,000 after purchasing an additional 4,087 shares during the period. Evoke Wealth LLC acquired a new stake in Quanta Services during the 4th quarter valued at $368,000. Vise Technologies Inc. lifted its holdings in shares of Quanta Services by 20.3% in the fourth quarter. Vise Technologies Inc. now owns 5,128 shares of the construction company’s stock valued at $2,164,000 after purchasing an additional 866 shares in the last quarter. Sands Capital Management LLC acquired a new stake in shares of Quanta Services in the fourth quarter worth $243,485,000. Finally, Aptus Capital Advisors LLC grew its holdings in shares of Quanta Services by 9.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 60,643 shares of the construction company’s stock valued at $25,595,000 after buying an additional 5,245 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.4%

Shares of PWR traded up $2.60 during midday trading on Tuesday, reaching $645.21. 234,118 shares of the stock were exchanged, compared to its average volume of 1,140,693. The company has a market cap of $97.00 billion, a price-to-earnings ratio of 74.02, a P/E/G ratio of 1.89 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12-month low of $387.42 and a 12-month high of $788.75. The firm has a 50 day simple moving average of $641.38 and a 200-day simple moving average of $649.13.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. The firm had revenue of $9.56 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Research analysts forecast that Quanta Services, Inc. will post 15.33 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be paid 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 is Thursday, October 1st. Quanta Services’s payout ratio is presently 5.04%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald began coverage on Quanta Services in a research note on Friday, July 31st. They issued an “outperform” rating for the company. Truist Financial reaffirmed a “buy” rating and set a $976.00 target price (up from $940.00) on shares of Quanta Services in a research note on Monday, August 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $714.00 price target on shares of Quanta Services in a research report on Tuesday, July 21st. Benchmark cut shares of Quanta Services to a “sell” rating in a report on Friday, July 31st. Finally, Oppenheimer upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective on the stock in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $767.72.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.

Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.