1,040 Shares in Quanta Services, Inc. $PWR Purchased by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,040 shares of the construction company’s stock, valued at approximately $749,000.

Several other large investors also recently made changes to their positions in PWR. Cedar Mountain Advisors LLC raised its holdings in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Quanta Services during the second quarter worth approximately $26,000. Boreal Capital Management LLC acquired a new position in Quanta Services in the first quarter worth approximately $27,000. MV Capital Management Inc. acquired a new position in Quanta Services in the fourth quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Quanta Services by 221.7% in the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after buying an additional 51 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $610.59 on Thursday. The company’s fifty day moving average is $655.09 and its two-hundred day moving average is $642.05. The company has a market cap of $91.80 billion, a P/E ratio of 69.94, a price-to-earnings-growth ratio of 2.00 and a beta of 1.20. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month 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 issued its 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 business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.Quanta Services’s revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

Quanta Services announced that its board has approved a stock 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 repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PWR shares. Mizuho increased their price objective on Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings lowered Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $833.00 target price on shares of Quanta Services in a report on Thursday, August 13th. Citigroup lifted their price target on Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $769.25.

Quanta Services 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.