Nordea Investment Management AB Reduces Holdings in Quanta Services, Inc. $PWR

Nordea Investment Management AB trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 535,868 shares of the construction company’s stock after selling 87,294 shares during the quarter. Nordea Investment Management AB’s holdings in Quanta Services were worth $228,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ grew its holdings in Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after purchasing an additional 2,375 shares during the period. Calamos Advisors LLC raised its stake in shares of Quanta Services by 17.1% in the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after buying an additional 15,388 shares during the period. Chilton Capital Management LLC lifted its position in shares of Quanta Services by 63.3% during the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after buying an additional 64,560 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Quanta Services by 59.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after buying an additional 16,637 shares in the last quarter. Finally, Atria Investments Inc grew its stake in shares of Quanta Services by 20.4% during the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after acquiring an additional 2,340 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Down 3.8%

Shares of PWR opened at $555.73 on Monday. The firm has a market cap of $83.15 billion, a P/E ratio of 81.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $583.73. The company has a 50 day simple moving average of $518.34 and a two-hundred day simple moving average of $460.17.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. Quanta Services’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have commented on PWR shares. Truist Financial restated a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. The Goldman Sachs Group upped their price target on shares of Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. B. Riley Financial raised their price objective on shares of Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. UBS Group lifted their target price on shares of Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group upped their target price on shares of Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $576.55.

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.