United Asset Strategies Inc. Purchases New Shares in Quanta Services, Inc. $PWR

United Asset Strategies Inc. bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,381 shares of the construction company’s stock, valued at approximately $583,000.

A number of other institutional investors have also recently modified their holdings of PWR. Bank of America Corp DE lifted its position in shares of Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after acquiring an additional 765,822 shares during the period. Select Equity Group L.P. lifted its position in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after acquiring an additional 416,395 shares during the period. Vanguard Group Inc. lifted its position in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after acquiring an additional 386,937 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Quanta Services by 29.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 826,283 shares of the construction company’s stock valued at $342,428,000 after acquiring an additional 189,134 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Quanta Services by 29.9% during the 3rd quarter. First Trust Advisors LP now owns 812,748 shares of the construction company’s stock valued at $336,819,000 after acquiring an additional 186,857 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

Quanta Services stock opened at $634.54 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52 week low of $272.00 and a 52 week high of $638.42. The stock has a market capitalization of $95.22 billion, a P/E ratio of 93.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.10. The stock has a fifty day moving average of $566.91 and a 200-day moving average of $489.90.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the firm earned $2.94 EPS. Quanta Services’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts expect that Quanta Services, Inc. will post 11.97 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio is presently 6.47%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PWR. Roth Mkm upped their target price on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Sanford C. Bernstein upped their target price on Quanta Services from $515.00 to $538.00 in a research report on Wednesday, April 1st. TD Cowen upped their target price on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. DA Davidson boosted their price target on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Jefferies Financial Group boosted their price target on Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Eighteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $599.00.

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.