15,666 Quanta Services, Inc. $PWR Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,618 shares of the construction company’s stock after selling 15,666 shares during the period. Calamos Advisors LLC owned approximately 0.06% of Quanta Services worth $61,436,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Alta Advisers Ltd lifted its position in Quanta Services by 88.3% in the third quarter. Alta Advisers Ltd now owns 1,083 shares of the construction company’s stock worth $696,000 after buying an additional 508 shares during the last quarter. Pekin Hardy Strauss Inc. increased its position in Quanta Services by 66.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 524 shares of the construction company’s stock valued at $337,000 after acquiring an additional 209 shares during the last quarter. Principle Wealth Partners LLC increased its position in Quanta Services by 3.9% during the third quarter. Principle Wealth Partners LLC now owns 816 shares of the construction company’s stock valued at $524,000 after acquiring an additional 31 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Quanta Services by 10.9% in the third quarter. Kestra Advisory Services LLC now owns 27,606 shares of the construction company’s stock valued at $17,737,000 after acquiring an additional 2,719 shares during the period. Finally, Claro Advisors Inc. raised its stake in shares of Quanta Services by 21.4% in the third quarter. Claro Advisors Inc. now owns 494 shares of the construction company’s stock valued at $317,000 after acquiring an additional 87 shares during the period. 90.49% of the stock is owned by institutional investors.

More Quanta Services News

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quanta’s latest reported quarter topped analyst estimates: earnings were $6.06 per share versus $5.02 expected, while revenue reached $12.01 billion versus $11.03 billion expected. The results reinforce demand for the company’s infrastructure work. Quanta Services stock faces a higher execution bar after record quarter
• Positive Sentiment: Bernstein initiated a Buy view on PWR, and Zacks Research upgraded its rating from Hold to Strong Buy, adding to favorable analyst sentiment. Quanta Services gets a Buy from Bernstein Zacks Research upgrade
• Neutral Sentiment: Oppenheimer maintained its Outperform rating after PWR fell, signaling continued confidence but no new upgrade. Oppenheimer maintains Outperform
• Negative Sentiment: A post-election backlash against the AI trade has pressured industrial and AI-infrastructure shares, with Quanta among the stocks singled out in the selloff. Weakness in AI-related stocks could weigh on PWR despite its strong fundamentals. Industrial stocks hit by AI backlash selloff
• Negative Sentiment: Following the record quarter, investors may expect continued exceptional execution, leaving less room for future results to disappoint. Execution bar after record quarter

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group set a $781.00 price target on shares of Quanta Services in a research note on Thursday, October 22nd. BTIG Research lowered shares of Quanta Services to a “hold” rating in a research report on Friday, July 31st. Guggenheim upgraded Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price for the company in a research report on Friday, July 31st. UBS Group reaffirmed a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. Finally, Raymond James Financial set a $830.00 target price on Quanta Services in a research note on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $763.81.

Quanta Services Trading Up 6.3%

Shares of NYSE PWR traded up $31.82 during mid-day trading on Friday, reaching $540.88. The company had a trading volume of 2,775,356 shares, compared to its average volume of 1,301,242. The business’s 50-day moving average is $628.83 and its 200-day moving average is $626.39. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 0.60. The stock has a market cap of $81.50 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.29. Quanta Services, Inc. has a 52 week low of $408.36 and a 52 week high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $1.04. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $11.03 billion. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. Quanta Services’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.33 earnings per share. Equities analysts expect that Quanta Services, Inc. will post 16.61 earnings per share for the current 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 given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is presently 3.99%.

Quanta Services Profile

Quanta Services, Inc provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure.

The company’s services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

Founded in 1997, Quanta serves customers primarily in North America, with operations also extending to Australia and other international markets.