1,141 Quanta Services, Inc. $PWR Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC lowered its position in shares of Quanta Services, Inc. (NYSE:PWR) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,975 shares of the construction company’s stock after selling 1,141 shares during the period. Quanta Services comprises approximately 1.1% of Lmcg Investments LLC’s holdings, making the stock its 25th largest holding. Lmcg Investments LLC’s holdings in Quanta Services were worth $21,187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PWR. State Street Corp lifted its stake 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 worth $4,739,164,000 after acquiring an additional 296,893 shares during the period. Bank of America Corp DE increased its position in Quanta Services by 5.4% during the 1st quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock valued at $1,891,215,000 after purchasing an additional 175,184 shares during the period. Royal Bank of Canada raised its holdings in shares of Quanta Services by 7.1% in the 1st quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock valued at $694,415,000 after purchasing an additional 83,363 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Quanta Services by 18.3% in the 1st quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock valued at $551,170,000 after purchasing an additional 155,529 shares in the last quarter. Finally, Amundi lifted its position in shares of Quanta Services by 10.3% in the 1st quarter. Amundi now owns 580,718 shares of the construction company’s stock worth $318,826,000 after purchasing an additional 54,237 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PWR. UBS Group reiterated a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $714.00 price objective on shares of Quanta Services in a research note on Tuesday, July 21st. Truist Financial lowered their target price on Quanta Services from $976.00 to $945.00 and set a “buy” rating for the company in a report on Monday, October 5th. Morgan Stanley cut Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. Finally, Piper Sandler cut their price target on Quanta Services from $731.00 to $714.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given 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.

Quanta Services Stock Performance

PWR stock opened at $599.96 on Thursday. The firm has a market cap of $90.20 billion, a price-to-earnings ratio of 68.72, a PEG ratio of 1.76 and a beta of 1.27. The firm has a 50-day simple moving average of $645.62 and a two-hundred day simple moving average of $664.09. Quanta Services, Inc. has a one year low of $404.51 and a one year high of $788.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the previous year, the firm earned $2.48 EPS. The company’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. On average, equities analysts forecast that Quanta Services, Inc. will post 15.37 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 5.04%.

Quanta Services Company Profile

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.