Calamos Wealth Management LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,716 shares of the construction company’s stock after acquiring an additional 1,183 shares during the period. Calamos Wealth Management LLC’s holdings in Quanta Services were worth $1,990,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of PWR. Brighton Jones LLC bought a new stake in Quanta Services during the fourth quarter worth about $298,000. Woodline Partners LP boosted its stake in Quanta Services by 40.7% during the first 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 in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Quanta Services during the second quarter worth about $4,632,000. Marshall Wace LLP bought a new stake in Quanta Services during the second quarter worth about $996,000. Finally, StoneX Group Inc. bought a new stake in Quanta Services during the second quarter worth about $204,000. Institutional investors own 90.49% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on PWR shares. B. Riley Financial lifted their target price on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. The Goldman Sachs Group lifted their target price on shares of Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. lifted their target price on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a report on Friday, April 10th. Finally, Robert W. Baird lifted their target price on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $599.00.
Get Our Latest Analysis on Quanta Services
Quanta Services Stock Down 1.3%
Shares of Quanta Services stock opened at $625.40 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a market capitalization of $93.84 billion, a PE ratio of 91.97, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10. Quanta Services, Inc. has a 52-week low of $281.17 and a 52-week high of $638.90. The company has a 50-day simple moving average of $568.94 and a two-hundred day simple moving average of $491.27.
Quanta Services (NYSE:PWR – Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period in the previous year, the business posted $2.94 earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 11.97 EPS for the current fiscal year.
Quanta Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were paid a $0.11 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 6.47%.
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.
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