Quanta Services, Inc. $PWR Shares Bought by Saudi Central Bank

Saudi Central Bank grew its position in Quanta Services, Inc. (NYSE:PWR) by 90.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,504 shares of the construction company’s stock after purchasing an additional 5,000 shares during the period. Saudi Central Bank’s holdings in Quanta Services were worth $7,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PWR. Boreal Capital Management LLC purchased a new stake in Quanta Services in the first quarter valued at approximately $27,000. JNBA Financial Advisors raised its position in Quanta Services by 1,733.3% during the 2nd quarter. JNBA Financial Advisors now owns 55 shares of the construction company’s stock worth $40,000 after buying an additional 52 shares during the last quarter. Cedar Mountain Advisors LLC lifted its stake in 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 acquiring an additional 45 shares during the period. Darwin Wealth Management LLC acquired a new stake in Quanta Services during the 2nd quarter valued at approximately $26,000. Finally, MV Capital Management Inc. purchased a new stake in shares of Quanta Services in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Up 0.6%

Shares of Quanta Services stock opened at $623.80 on Friday. 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. The company has a market cap of $93.78 billion, a P/E ratio of 71.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. The firm has a 50-day simple moving average of $651.88 and a two-hundred day simple moving average of $642.61.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping 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 company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter in the prior year, the firm posted $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. As a group, equities analysts predict that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

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

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be given a $0.11 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 5.04%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PWR shares. BTIG Research cut shares of Quanta Services to a “hold” rating in a report on Friday, July 31st. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Raymond James Financial initiated coverage on Quanta Services in a research note on Friday, July 31st. They set an “outperform” rating for the company. CICC Research began coverage on Quanta Services in a research note on Thursday, May 21st. They issued an “outperform” rating and a $872.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut Quanta Services to a “sell” rating in a research report on Friday, July 31st. 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.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus 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.