Quanta Services, Inc. $PWR Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. decreased its holdings in Quanta Services, Inc. (NYSE:PWR) by 8.0% in the 2nd quarter, Holdings Channel reports. The firm owned 68,056 shares of the construction company’s stock after selling 5,896 shares during the period. Quanta Services accounts for about 1.4% of Braun Stacey Associates Inc.’s investment portfolio, making the stock its 19th biggest holding. Braun Stacey Associates Inc.’s holdings in Quanta Services were worth $49,003,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in 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 buying an additional 4,087 shares during the last quarter. Evoke Wealth LLC acquired a new stake in shares of Quanta Services during the fourth quarter valued at about $368,000. Sequoia Financial Advisors LLC raised its stake in shares of Quanta Services by 3.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after acquiring an additional 3,966 shares during the period. North Dakota State Investment Board acquired a new position in shares of Quanta Services in the 4th quarter worth approximately $2,131,000. Finally, Brighton Jones LLC acquired a new position in shares of Quanta Services in the 4th quarter worth approximately $298,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $603.18 on Friday. The firm’s 50 day moving average is $661.49 and its two-hundred day moving average is $639.21. Quanta Services, Inc. has a 52 week low of $363.01 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. The firm has a market capitalization of $90.68 billion, a P/E ratio of 69.09, a P/E/G ratio of 2.04 and a beta of 1.23.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.31 by $0.93. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates 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 quarter in the previous 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 15.35 EPS for the current fiscal year.

Quanta Services announced that its board has authorized a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PWR shares. B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a report on Friday, May 1st. Finally, The Goldman Sachs Group boosted their price target on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $769.25.

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.