Gradient Investments LLC Sells 13,310 Shares of Quanta Services, Inc. $PWR

Gradient Investments LLC lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 18.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 57,159 shares of the construction company’s stock after selling 13,310 shares during the quarter. Gradient Investments LLC’s holdings in Quanta Services were worth $24,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Quanta Services by 2.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 71,161 shares of the construction company’s stock valued at $31,269,000 after buying an additional 2,025 shares during the period. NorthCrest Asset Manangement LLC increased its stake in Quanta Services by 0.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 35,298 shares of the construction company’s stock worth $15,383,000 after acquiring an additional 111 shares during the period. Signet Financial Management LLC raised its holdings in Quanta Services by 0.3% in the 4th quarter. Signet Financial Management LLC now owns 15,507 shares of the construction company’s stock valued at $6,545,000 after acquiring an additional 51 shares in the last quarter. Procyon Advisors LLC bought a new stake in shares of Quanta Services during the 4th quarter valued at $234,000. Finally, CWA Asset Management Group LLC grew its holdings in shares of Quanta Services by 7.2% during the 4th quarter. CWA Asset Management Group LLC now owns 686 shares of the construction company’s stock worth $290,000 after purchasing an additional 46 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

NYSE:PWR opened at $555.73 on Monday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $583.73. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The stock’s 50-day simple moving average is $518.34 and its 200 day simple moving average is $460.17. The firm has a market capitalization of $83.15 billion, a PE ratio of 81.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the previous year, the firm earned $2.94 earnings per share. The business’s quarterly 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, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.47%.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. UBS Group increased their price objective on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. The Goldman Sachs Group raised their target price on shares of Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Roth Mkm reaffirmed a “buy” rating and set a $600.00 price target on shares of Quanta Services in a report on Friday, February 20th. Finally, Sanford C. Bernstein increased their price target on shares of Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Company 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.