Quanta Services, Inc. $PWR Stock Position Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in Quanta Services, Inc. (NYSE:PWR) by 12.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,293 shares of the construction company’s stock after selling 4,034 shares during the period. Nisa Investment Advisors LLC’s holdings in Quanta Services were worth $17,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PWR. State Street Corp grew its holdings 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 valued at $4,739,164,000 after purchasing an additional 296,893 shares during the last quarter. Diamant Asset Management Inc. raised its stake in shares of Quanta Services by 54,802.0% during the 1st quarter. Diamant Asset Management Inc. now owns 296,471 shares of the construction company’s stock worth $162,769,000 after buying an additional 295,931 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of 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 worth $121,600,000 after buying an additional 215,591 shares during the last quarter. Corient Private Wealth LP boosted its position 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 worth $151,273,000 after buying an additional 184,819 shares in the last quarter. Finally, Bank of America Corp DE boosted its position 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 worth $1,891,215,000 after buying an additional 175,184 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.7%

PWR opened at $599.96 on Thursday. The firm has a market cap of $90.20 billion, a P/E ratio of 68.72, a PEG ratio of 1.76 and a beta of 1.27. The business’s fifty day simple moving average is $645.62 and its 200 day simple moving average is $664.09. Quanta Services, Inc. has a 52 week low of $404.51 and a 52 week high of $788.75. 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 (NYSE:PWR) last posted 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. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter last year, the business posted $2.48 EPS. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. 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 15.37 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s payout ratio is 5.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a research note on Friday, July 31st. Sanford C. Bernstein upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $748.00 to $775.00 in a research report on Thursday, September 24th. Zacks Research cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Citigroup upped their price target on shares of Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 13th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $763.04.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.