E. Ohman J or Asset Management AB Sells 1,460 Shares of Quanta Services, Inc. $PWR

E. Ohman J or Asset Management AB reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,070 shares of the construction company’s stock after selling 1,460 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Quanta Services were worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Rothschild Investment LLC raised its position in Quanta Services by 2.8% in the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after buying an additional 23 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Quanta Services by 0.5% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after acquiring an additional 23 shares during the last quarter. Wealth Alliance LLC grew its stake in shares of Quanta Services by 1.4% in the third quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock worth $678,000 after acquiring an additional 23 shares during the period. Petros Family Wealth LLC raised its holdings in shares of Quanta Services by 2.2% during the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after purchasing an additional 24 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its position in Quanta Services by 15.2% during the third quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock valued at $75,000 after purchasing an additional 24 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Price Performance

NYSE:PWR opened at $578.39 on Wednesday. The business’s 50-day simple moving average is $523.73 and its two-hundred day simple moving average is $462.97. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $583.73. The stock has a market cap of $86.54 billion, a PE ratio of 85.06, a P/E/G ratio of 2.58 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.14. The firm had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts forecast that Quanta Services, Inc. will post 9.34 EPS 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Quanta Services’s dividend payout ratio (DPR) is 6.47%.

Analysts Set New Price Targets

PWR has been the subject of a number of research analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $643.00 target price (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Sanford C. Bernstein raised their price target on Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 24th. Mizuho lifted their price objective on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Evercore reiterated an “outperform” rating and set a $604.00 price objective on shares of Quanta Services in a research report on Friday, February 20th. Finally, Cantor Fitzgerald increased their target price on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average 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.