State of Alaska Department of Revenue Sells 1,510 Shares of Quanta Services, Inc. $PWR

State of Alaska Department of Revenue trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,772 shares of the construction company’s stock after selling 1,510 shares during the quarter. State of Alaska Department of Revenue’s holdings in Quanta Services were worth $6,234,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Legacy Bridge LLC grew its position in Quanta Services by 3.8% during the fourth quarter. Legacy Bridge LLC now owns 3,630 shares of the construction company’s stock valued at $1,532,000 after buying an additional 132 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in shares of Quanta Services by 9.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 5,582 shares of the construction company’s stock worth $2,356,000 after purchasing an additional 471 shares during the period. Choreo LLC boosted its position in shares of Quanta Services by 7.5% in the fourth quarter. Choreo LLC now owns 7,914 shares of the construction company’s stock worth $3,394,000 after purchasing an additional 549 shares during the period. Dara Capital US Inc. bought a new position in shares of Quanta Services in the fourth quarter worth approximately $328,000. Finally, Clear Creek Financial Management LLC boosted its position in shares of Quanta Services by 3.7% in the fourth quarter. Clear Creek Financial Management LLC now owns 3,571 shares of the construction company’s stock worth $1,507,000 after purchasing an additional 127 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

PWR stock opened at $594.41 on Wednesday. Quanta Services, Inc. has a one year low of $251.04 and a one year high of $599.00. The company’s fifty day moving average price is $552.35 and its 200-day moving average price is $481.64. 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 company has a market capitalization of $89.20 billion, a PE ratio of 87.41, a price-to-earnings-growth ratio of 2.71 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released 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 net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the previous year, the firm earned $2.94 earnings per share. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PWR shares. Citigroup upped their price target on shares of Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Robert W. Baird upped their price target on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Quanta Services in a research report on Friday. Stifel Nicolaus set a $647.00 price target on shares of Quanta Services in a research report on Monday, February 23rd. Finally, Wolfe Research upped their price target on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $595.50.

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.