Quanta Services, Inc. $PWR Shares Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC decreased its position in Quanta Services, Inc. (NYSE:PWR) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 102,908 shares of the construction company’s stock after selling 6,497 shares during the period. Quanta Services comprises approximately 1.0% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 29th biggest holding. Zevenbergen Capital Investments LLC’s holdings in Quanta Services were worth $43,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in PWR. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after purchasing an additional 2,375 shares during the last quarter. Calamos Advisors LLC grew its position in Quanta Services by 17.1% during the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after purchasing an additional 15,388 shares during the period. Chilton Capital Management LLC raised its stake in shares of Quanta Services by 63.3% during the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after buying an additional 64,560 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Quanta Services by 59.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after buying an additional 16,637 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Quanta Services by 20.4% in the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after buying an additional 2,340 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PWR. Cantor Fitzgerald raised their target price on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Roth Mkm reaffirmed a “buy” rating and set a $600.00 price objective on shares of Quanta Services in a research note on Friday, February 20th. Jefferies Financial Group lifted their target price on shares of Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, Evercore restated an “outperform” rating and set a $604.00 price target on shares of Quanta Services in a research report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $589.86.

Quanta Services Stock Down 3.0%

Quanta Services stock opened at $533.49 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market capitalization of $79.82 billion, a PE ratio of 78.45, a price-to-earnings-growth ratio of 2.50 and a beta of 1.10. The business has a 50 day simple moving average of $531.40 and a 200-day simple moving average of $467.71. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73.

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

Quanta Services Announces Dividend

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

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.