Quanta Services, Inc. $PWR Holdings Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its stake in Quanta Services, Inc. (NYSE:PWR) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,606 shares of the construction company’s stock after buying an additional 2,719 shares during the quarter. Kestra Advisory Services LLC’s holdings in Quanta Services were worth $17,737,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in shares of Quanta Services by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock valued at $40,701,000 after purchasing an additional 4,087 shares during the period. State Street Corp boosted its position in shares of Quanta Services by 4.7% during the second quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after buying an additional 296,893 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Quanta Services during the second quarter worth about $1,066,000. Envestnet Asset Management Inc. grew its holdings in shares of Quanta Services by 11.9% during the second quarter. Envestnet Asset Management Inc. now owns 225,059 shares of the construction company’s stock worth $162,051,000 after buying an additional 23,850 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in shares of Quanta Services by 287.8% during the third quarter. Diversify Advisory Services LLC now owns 4,149 shares of the construction company’s stock worth $2,665,000 after buying an additional 3,079 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services News Roundup

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quanta’s latest reported quarter topped analyst estimates: earnings were $6.06 per share versus $5.02 expected, while revenue reached $12.01 billion versus $11.03 billion expected. The results reinforce demand for the company’s infrastructure work. Quanta Services stock faces a higher execution bar after record quarter
• Positive Sentiment: Bernstein initiated a Buy view on PWR, and Zacks Research upgraded its rating from Hold to Strong Buy, adding to favorable analyst sentiment. Quanta Services gets a Buy from Bernstein Zacks Research upgrade
• Neutral Sentiment: Oppenheimer maintained its Outperform rating after PWR fell, signaling continued confidence but no new upgrade. Oppenheimer maintains Outperform
• Negative Sentiment: A post-election backlash against the AI trade has pressured industrial and AI-infrastructure shares, with Quanta among the stocks singled out in the selloff. Weakness in AI-related stocks could weigh on PWR despite its strong fundamentals. Industrial stocks hit by AI backlash selloff
• Negative Sentiment: Following the record quarter, investors may expect continued exceptional execution, leaving less room for future results to disappoint. Execution bar after record quarter

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Morgan Stanley lowered Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 3rd. Sanford C. Bernstein upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $748.00 to $775.00 in a report on Thursday, September 24th. Raymond James Financial set a $830.00 price objective on shares of Quanta Services in a report on Thursday, October 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $862.00 price objective on shares of Quanta Services in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $763.81.

Quanta Services Trading Down 0.0%

Quanta Services stock opened at $540.88 on Monday. Quanta Services, Inc. has a 52 week low of $408.36 and a 52 week high of $788.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.13 and a current ratio of 1.16. The stock has a market capitalization of $81.50 billion, a P/E ratio of 48.99, a PEG ratio of 1.38 and a beta of 1.29. The stock has a 50-day simple moving average of $628.83 and a 200 day simple moving average of $626.39.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.02 by $1.04. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $11.03 billion. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. The business’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.33 earnings per share. Analysts expect that Quanta Services, Inc. will post 16.61 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s payout ratio is presently 3.99%.

About Quanta Services

Quanta Services, Inc provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure.

The company’s services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

Founded in 1997, Quanta serves customers primarily in North America, with operations also extending to Australia and other international markets.