Quanta Services, Inc. $PWR Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its position in Quanta Services, Inc. (NYSE:PWR) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,940 shares of the construction company’s stock after purchasing an additional 2,732 shares during the quarter. NEOS Investment Management LLC’s holdings in Quanta Services were worth $17,235,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have commented on PWR. Jefferies Financial Group reaffirmed a “buy” rating and issued a $833.00 price target on shares of Quanta Services in a report on Thursday, August 13th. Guggenheim upgraded Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price objective for the company in a research note on Friday, July 31st. Raymond James Financial initiated coverage on Quanta Services in a research note on Friday, July 31st. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $714.00 target price on shares of Quanta Services in a report on Tuesday, July 21st. Finally, Citigroup lifted their price target on Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $769.25.

Quanta Services Stock Up 0.6%

PWR opened at $623.80 on Friday. The company has a fifty day moving average of $651.88 and a two-hundred day moving average of $642.61. The stock has a market capitalization of $93.78 billion, a price-to-earnings ratio of 71.45, a PEG ratio of 2.03 and a beta of 1.20. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $8.61 billion. During the same period last year, the firm earned $2.48 EPS. The company’s quarterly revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, research analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services declared that its Board of Directors has initiated a share repurchase plan on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be 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 is Thursday, October 1st. Quanta Services’s dividend payout ratio (DPR) is presently 5.04%.

About Quanta Services

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.