Sage Advisors LLC Acquires Shares of 2,974 Quanta Services, Inc. $PWR

Sage Advisors LLC bought a new position in Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, HoldingsChannel.com reports. The fund bought 2,974 shares of the construction company’s stock, valued at approximately $1,255,000. Quanta Services makes up approximately 0.8% of Sage Advisors LLC’s holdings, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management grew its position in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the second quarter valued at $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares during the period. Texas Capital Bancshares Inc TX acquired a new stake in shares of Quanta Services in the 3rd quarter valued at $38,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of Quanta Services in the 3rd quarter worth about $38,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 4.9%

PWR opened at $545.27 on Friday. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $583.73. The stock has a market capitalization of $81.58 billion, a PE ratio of 80.19, a PEG ratio of 2.61 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $528.41 and a two-hundred day moving average price of $464.31.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. Quanta Services’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be issued a $0.11 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 6.47%.

Analyst Ratings Changes

Several equities analysts recently issued reports on PWR shares. Truist Financial reissued a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. TD Cowen upped their price objective on shares of Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Cantor Fitzgerald lifted their target price on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Robert W. Baird boosted their target price on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $600.00 price target on shares of Quanta Services in a report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $576.55.

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.