Nykredit A S Acquires New Shares in Quanta Services, Inc. $PWR

Nykredit A S bought a new stake in Quanta Services, Inc. (NYSE:PWR) during the second quarter, Holdings Channel reports. The institutional investor bought 68,220 shares of the construction company’s stock, valued at approximately $49,121,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PWR. Cedar Mountain Advisors LLC lifted its holdings in shares of Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after buying an additional 45 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services in the 2nd quarter valued at approximately $26,000. Boreal Capital Management LLC acquired a new position in Quanta Services in the first quarter worth approximately $27,000. MV Capital Management Inc. bought a new position in Quanta Services during the fourth quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. lifted its stake in Quanta Services by 221.7% in the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after acquiring an additional 51 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Down 0.1%

NYSE:PWR opened at $610.59 on Thursday. The company’s 50 day moving average is $655.09 and its 200-day moving average is $642.05. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75. The firm has a market cap of $91.80 billion, a price-to-earnings ratio of 69.94, a P/E/G ratio of 2.00 and a beta of 1.20.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the prior year, the firm earned $2.48 EPS. Quanta Services’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. Equities analysts anticipate that Quanta Services, Inc. will post 15.35 EPS for the current year.

Quanta Services declared that its board has authorized a stock repurchase program on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, October 1st. Quanta Services’s dividend payout ratio is 5.04%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PWR. JPMorgan Chase & Co. restated a “neutral” rating and set a $714.00 price target on shares of Quanta Services in a research note on Tuesday, July 21st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $748.00 price objective on shares of Quanta Services in a report on Friday, July 31st. Guggenheim raised shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price on the stock in a research report on Friday, July 31st. TD Cowen raised their target price on Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target for the company in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $769.25.

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.