Savvy Advisors Inc. Acquires 2,368 Shares of Quanta Services, Inc. $PWR

Savvy Advisors Inc. boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 179.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,685 shares of the construction company’s stock after acquiring an additional 2,368 shares during the quarter. Savvy Advisors Inc.’s holdings in Quanta Services were worth $1,555,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PWR. Brighton Jones LLC bought a new position in Quanta Services in the 4th quarter worth about $298,000. Woodline Partners LP increased its stake in Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Quanta Services in the 2nd quarter worth about $4,632,000. Beacon Pointe Advisors LLC increased its stake in Quanta Services by 22.0% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,584 shares of the construction company’s stock worth $599,000 after acquiring an additional 286 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Quanta Services by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 4,822 shares of the construction company’s stock worth $1,823,000 after acquiring an additional 334 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America increased their price objective on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, February 20th. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $600.00 to $650.00 in a research report on Friday, March 27th. Evercore increased their price objective on Quanta Services from $604.00 to $635.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. UBS Group increased 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. Finally, DA Davidson increased their price objective on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $593.23.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $554.42 on Tuesday. The firm has a market capitalization of $82.95 billion, a PE ratio of 81.53, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73. The business’s 50-day moving average price is $540.25 and its 200-day moving average price is $473.86. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.

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, beating the consensus estimate of $3.02 by $0.14. The company 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%.Quanta Services’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be given 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 (DPR) 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.