Quanta Services, Inc. $PWR Stock Position Lowered by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its holdings in Quanta Services, Inc. (NYSE:PWR) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,482 shares of the construction company’s stock after selling 4,781 shares during the period. Quanta Services makes up 0.6% of Oppenheimer & Co. Inc.’s holdings, making the stock its 22nd biggest position. Oppenheimer & Co. Inc. owned 0.06% of Quanta Services worth $61,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Center for Financial Planning Inc. acquired a new stake in Quanta Services in the 3rd quarter valued at about $300,000. Park Avenue Securities LLC lifted its stake in Quanta Services by 2.0% in the 3rd quarter. Park Avenue Securities LLC now owns 15,416 shares of the construction company’s stock worth $9,905,000 after purchasing an additional 308 shares in the last quarter. Segment Wealth Management LLC boosted its holdings in shares of Quanta Services by 5.6% during the 3rd quarter. Segment Wealth Management LLC now owns 12,906 shares of the construction company’s stock worth $8,292,000 after purchasing an additional 690 shares during the last quarter. Geneva Partners LLC boosted its holdings in shares of Quanta Services by 25.1% during the 3rd quarter. Geneva Partners LLC now owns 1,642 shares of the construction company’s stock worth $1,055,000 after purchasing an additional 329 shares during the last quarter. Finally, Tower View Wealth Management LLC boosted its holdings in shares of Quanta Services by 1.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 11,577 shares of the construction company’s stock worth $7,438,000 after purchasing an additional 206 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird set a $728.00 price target on Quanta Services in a report on Friday, July 31st. Raymond James Financial initiated coverage on Quanta Services in a research report on Friday, July 31st. They set an “outperform” rating on the stock. Guggenheim raised Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price objective on the stock in a research note on Friday, July 31st. Benchmark cut Quanta Services to a “sell” rating in a report on Friday, July 31st. Finally, Wall Street Zen downgraded Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Twenty-three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $761.24.

Quanta Services Trading Up 3.2%

Shares of PWR stock opened at $564.02 on Tuesday. Quanta Services, Inc. has a 1-year low of $408.36 and a 1-year high of $788.75. The firm has a market cap of $84.79 billion, a PE ratio of 64.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The company has a 50-day moving average of $639.18 and a two-hundred day moving average of $619.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the firm earned $2.48 EPS. The business’s 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, analysts predict that Quanta Services, Inc. will post 15.37 EPS for the current year.

Quanta Services Announces Dividend

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

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.