Bourgeon Capital Management LLC Sells 1,638 Shares of Quanta Services, Inc. $PWR

Bourgeon Capital Management LLC lowered its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,799 shares of the construction company’s stock after selling 1,638 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Quanta Services were worth $7,090,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PWR. Rothschild Investment LLC grew 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 purchasing an additional 23 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Quanta Services by 0.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after buying an additional 23 shares during the last quarter. Wealth Alliance LLC lifted 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 valued at $678,000 after buying an additional 23 shares during the period. Petros Family Wealth LLC grew its position in Quanta Services by 2.2% during the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after buying an additional 24 shares in the last quarter. Finally, Montag A & Associates Inc. increased its stake 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 acquiring an additional 24 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on PWR. Argus raised their price objective on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. UBS Group boosted their price objective on Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research report on Friday, February 20th. TD Cowen raised their target price on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. B. Riley Financial lifted their price target on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group boosted their price target on shares of Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $589.86.

Quanta Services Trading Up 2.8%

PWR stock opened at $548.70 on Wednesday. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $583.73. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $533.11 and its 200-day moving average is $468.88. The firm has a market cap of $82.10 billion, a P/E ratio of 80.69, a P/E/G ratio of 2.42 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted 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 business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter last year, the company 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. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced 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. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, April 2nd. Quanta Services’s payout ratio is currently 6.47%.

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.