Bourne Lent Asset Management Inc. Has $11.73 Million Holdings in Quanta Services, Inc. $PWR

Bourne Lent Asset Management Inc. lessened its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 27,800 shares of the construction company’s stock after selling 970 shares during the period. Quanta Services accounts for about 3.9% of Bourne Lent Asset Management Inc.’s holdings, making the stock its 8th biggest holding. Bourne Lent Asset Management Inc.’s holdings in Quanta Services were worth $11,733,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Darwin Wealth Management LLC acquired a new position in Quanta Services during the second quarter worth $26,000. Activest Wealth Management lifted its stake in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares during the last quarter. Cornerstone Planning Group LLC grew its position in shares of Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares during the period. Berbice Capital Management LLC acquired a new position in shares of Quanta Services during the 2nd quarter worth about $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in shares of Quanta Services during the 3rd quarter worth about $38,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.8%

Shares of Quanta Services stock opened at $549.99 on Friday. The stock’s 50-day moving average is $530.07 and its 200 day moving average is $465.52. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $583.73. The firm has a market cap of $82.29 billion, a price-to-earnings ratio of 80.88, a PEG ratio of 2.48 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 (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 business had revenue of $7.84 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $604.00 target price on shares of Quanta Services in a research note on Friday, February 20th. B. Riley Financial boosted their price target on Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Sanford C. Bernstein raised their price objective on Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a research report on Tuesday, February 24th. TD Cowen lifted their target price on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Eighteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $587.91.

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.