Quanta Services, Inc. $PWR Stock Holdings Cut by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP cut its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 32.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,359 shares of the construction company’s stock after selling 4,537 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Quanta Services were worth $6,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in shares of 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 purchasing an additional 4,087 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Quanta Services during the 2nd quarter valued at approximately $1,066,000. State Street Corp boosted its holdings in Quanta Services by 4.7% in the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after buying an additional 296,893 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Quanta Services by 11.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 225,059 shares of the construction company’s stock worth $162,051,000 after buying an additional 23,850 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its stake in Quanta Services by 90.3% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 8,040 shares of the construction company’s stock valued at $5,166,000 after buying an additional 3,815 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group reissued a “buy” rating on shares of Quanta Services in a report on Monday, August 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $760.00 price target on shares of Quanta Services in a report on Monday, November 2nd. Raymond James Financial set a $830.00 price target on Quanta Services in a report on Thursday, October 29th. Sanford C. Bernstein upgraded Quanta Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $748.00 to $775.00 in a research report on Thursday, September 24th. Finally, BTIG Research lowered Quanta Services to a “hold” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $763.81.

Key Stories Impacting Quanta Services

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

Quanta Services Price Performance

PWR stock opened at $540.88 on Monday. The firm has a 50 day moving average of $628.83 and a 200-day moving average of $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. Quanta Services, Inc. has a 12 month low of $408.36 and a 12 month high of $788.75. The firm has a market capitalization of $81.50 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.02 by $1.04. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. Quanta Services’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.33 earnings per share. As a group, sell-side analysts predict that Quanta Services, Inc. will post 16.61 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services’s dividend payout ratio (DPR) is presently 3.99%.

Quanta Services Company 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.