Second Line Capital LLC Has $4.30 Million Stock Position in Quanta Services, Inc. $PWR

Second Line Capital LLC lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 30.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,973 shares of the construction company’s stock after selling 2,652 shares during the quarter. Quanta Services makes up approximately 0.8% of Second Line Capital LLC’s investment portfolio, making the stock its 25th largest position. Second Line Capital LLC’s holdings in Quanta Services were worth $4,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC lifted its stake in Quanta Services by 2.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after buying an additional 13 shares in the last quarter. Pincus Capital Management LP increased its position in shares of Quanta Services by 0.4% in the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after acquiring an additional 15 shares in the last quarter. SouthState Bank Corp raised its holdings in shares of Quanta Services by 23.5% during the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after acquiring an additional 16 shares during the period. Lewis Asset Management LLC lifted its position in shares of Quanta Services by 2.5% in the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after acquiring an additional 17 shares in the last quarter. Finally, Stiles Financial Services Inc boosted its stake in Quanta Services by 1.8% in the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after purchasing an additional 17 shares during the period. Institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PWR. Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price for the company in a research report on Thursday, May 28th. BTIG Research downgraded Quanta Services to a “hold” rating in a report on Friday, July 31st. Mizuho upped their price target on Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Benchmark lowered Quanta Services to a “sell” 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 given a Hold rating and three have assigned 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 Trading Down 0.1%

Shares of NYSE:PWR opened at $623.80 on Tuesday. The firm has a fifty day moving average of $650.04 and a two-hundred day moving average of $644.14. 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 capitalization 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.

Quanta Services (NYSE:PWR) last posted 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. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. Quanta Services’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

Quanta Services declared that its board has approved a share repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.