Stableford Capital II LLC Acquires New Position in Quanta Services, Inc. $PWR

Stableford Capital II LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,205 shares of the construction company’s stock, valued at approximately $868,000.

Several other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Quanta Services by 9.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 674 shares of the construction company’s stock worth $485,000 after purchasing an additional 56 shares during the period. Versant Capital Management Inc raised its position in shares of Quanta Services by 16.2% during the 2nd quarter. Versant Capital Management Inc now owns 237 shares of the construction company’s stock valued at $171,000 after purchasing an additional 33 shares during the period. CX Institutional raised its position in shares of Quanta Services by 5.1% during the 2nd quarter. CX Institutional now owns 1,163 shares of the construction company’s stock valued at $838,000 after purchasing an additional 56 shares during the period. Miller Global Investments LLC lifted its stake in shares of Quanta Services by 136.5% during the 2nd quarter. Miller Global Investments LLC now owns 454 shares of the construction company’s stock valued at $327,000 after buying an additional 262 shares in the last quarter. Finally, Adelphi Trust Co purchased a new position in shares of Quanta Services during the 2nd quarter valued at $234,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PWR. BMO Capital Markets increased their price target on Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Raymond James Financial assumed coverage on Quanta Services in a research report on Friday. They issued an “outperform” rating on the stock. Morgan Stanley cut Quanta Services to an “underweight” rating in a research report on Monday. Robert W. Baird set a $728.00 target price on Quanta Services in a research note on Friday. Finally, Mizuho boosted their price target on Quanta Services from $659.00 to $741.00 and gave the stock a “neutral” rating in a report on Monday. Nineteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $758.96.

More Quanta Services News

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Truist raised its price target to $976 from $940 and reaffirmed its “Buy” rating. The revised target implies significant potential upside and reflects continued confidence in Quanta’s earnings and infrastructure-related growth prospects. Benzinga
• Positive Sentiment: Mizuho increased its price target to $741 from $659. Although the firm maintained a “Neutral” rating, the higher target suggests its outlook for Quanta improved following the stock’s recent performance and operating trends. The Fly
• Positive Sentiment: Guggenheim upgraded Quanta Services, adding further positive analyst sentiment around the company’s outlook. Quanta Services Upgraded at Guggenheim
• Positive Sentiment: Wall Street Zen raised its rating to “Buy,” reinforcing the broader trend of improving analyst sentiment. Quanta Services Rating Increased to Buy
• Neutral Sentiment: A Seeking Alpha analysis argues that Quanta’s valuation multiple has compressed without a comparable deterioration in its underlying business thesis. This may reassure investors concerned about valuation, although it also highlights that the stock remains sensitive to further multiple changes. Quanta Services: The Market Compressed the Multiple and Not the Thesis
• Negative Sentiment: Quanta priced a $2 billion senior-notes offering consisting of notes due in 2029, 2033 and 2036, with coupons ranging from 4.850% to 5.550%. The financing can support growth or general corporate purposes, but it will increase debt and future interest expense. The offering is expected to close August 6, subject to customary conditions. Quanta Services Announces Pricing of Senior Notes Offering

Quanta Services Stock Performance

Shares of NYSE PWR opened at $681.75 on Tuesday. The company has a market cap of $102.30 billion, a P/E ratio of 78.09, a P/E/G ratio of 2.63 and a beta of 1.21. Quanta Services, Inc. has a 52-week low of $363.01 and a 52-week high of $788.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The firm’s fifty day moving average is $679.33 and its two-hundred day moving average is $615.16.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.31 by $0.93. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business’s revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, analysts anticipate that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Wednesday, July 1st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is presently 5.04%.

Quanta Services announced that its Board of Directors has initiated a stock buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.