Exchange Traded Concepts LLC Raises Holdings in Quanta Services, Inc. $PWR

Exchange Traded Concepts LLC grew its stake in Quanta Services, Inc. (NYSE:PWR) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 50,554 shares of the construction company’s stock after buying an additional 6,162 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Quanta Services were worth $21,337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PWR. Norges Bank acquired a new stake in Quanta Services in the second quarter valued at approximately $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Quanta Services by 57.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after acquiring an additional 882,209 shares in the last quarter. Bank of America Corp DE increased its position in shares of Quanta Services by 35.6% in the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after purchasing an additional 765,822 shares during the last quarter. Select Equity Group L.P. increased its position in shares of Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after purchasing an additional 416,395 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Quanta Services by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after purchasing an additional 386,937 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. TD Cowen raised their price target on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Cantor Fitzgerald upped their price objective on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Stifel Nicolaus set a $647.00 price objective on Quanta Services in a report on Monday, February 23rd. Finally, BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $600.00 to $650.00 in a research report on Friday. Eighteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $587.91.

Quanta Services Stock Performance

Shares of PWR opened at $549.99 on Friday. The company’s 50 day simple moving average is $530.07 and its 200-day simple moving average is $465.52. The firm has a market cap of $82.29 billion, a PE ratio of 80.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.10. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $583.73. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.

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 firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.11 per share. 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 is 6.47%.

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.