Flputnam Investment Management Co. Acquires 2,096 Shares of Quanta Services, Inc. $PWR

Flputnam Investment Management Co. grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 13.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,265 shares of the construction company’s stock after purchasing an additional 2,096 shares during the period. Flputnam Investment Management Co.’s holdings in Quanta Services were worth $13,152,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PWR. Brighton Jones LLC bought a new position in Quanta Services during the 4th quarter valued at $298,000. Woodline Partners LP raised its holdings in shares of Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after purchasing an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Quanta Services in the second quarter valued at about $4,632,000. Marshall Wace LLP bought a new position in shares of Quanta Services during the second quarter valued at about $996,000. Finally, StoneX Group Inc. purchased a new position in Quanta Services during the second quarter worth about $204,000. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

PWR has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $714.00 price objective on shares of Quanta Services in a research note on Tuesday, July 21st. Cantor Fitzgerald initiated coverage on Quanta Services in a report on Friday, July 31st. They issued an “outperform” rating for the company. Mizuho lifted their price target on Quanta Services from $659.00 to $741.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Benchmark cut Quanta Services to a “sell” rating in a research report on Friday, July 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $976.00 target price (up from $940.00) on shares of Quanta Services in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $769.25.

Quanta Services Trading Down 3.0%

Shares of PWR stock opened at $603.18 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The firm has a market cap of $90.68 billion, a P/E ratio of 69.09, a PEG ratio of 1.98 and a beta of 1.23. The company has a 50 day moving average of $661.49 and a 200-day moving average of $639.21. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same period in the prior year, the company earned $2.48 earnings per share. Quanta Services’s 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. Sell-side analysts anticipate that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

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

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.