Quanta Services, Inc. $PWR Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its position in Quanta Services, Inc. (NYSE:PWR) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 43,042 shares of the construction company’s stock after selling 3,316 shares during the period. Dakota Wealth Management’s holdings in Quanta Services were worth $18,167,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Activest Wealth Management boosted its position in shares of Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Quanta Services during the 2nd quarter worth $26,000. Cornerstone Planning Group LLC increased its position in Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares in the last quarter. Texas Capital Bancshares Inc TX purchased a new stake in Quanta Services in the third quarter valued at about $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Quanta Services in the third quarter worth about $38,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. DA Davidson upped their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Citigroup lifted their target price on shares of Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Roth Mkm restated a “buy” rating and set a $600.00 price target on shares of Quanta Services in a research note on Friday, February 20th. Wolfe Research raised their price target on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Jefferies Financial Group lifted their price objective on shares of Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Price Performance

Shares of NYSE PWR opened at $545.27 on Friday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $583.73. The business’s 50 day moving average price is $528.41 and its 200 day moving average price is $464.31. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The firm has a market cap of $81.58 billion, a P/E ratio of 80.19, a P/E/G ratio of 2.61 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates 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 for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s payout ratio is currently 6.47%.

Quanta Services 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.