Hutchens & Kramer Investment Management Group LLC Makes New $713,000 Investment in Quanta Services, Inc. $PWR

Hutchens & Kramer Investment Management Group LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 990 shares of the construction company’s stock, valued at approximately $713,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp increased its position in Quanta Services by 2.1% during the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock valued at $2,619,626,000 after purchasing an additional 126,014 shares during the period. Geode Capital Management LLC lifted its position in shares of Quanta Services by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock worth $1,718,371,000 after purchasing an additional 110,360 shares during the period. Bank of America Corp DE boosted its stake in shares of Quanta Services by 5.4% during the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock valued at $1,891,215,000 after purchasing an additional 175,184 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Quanta Services by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after buying an additional 758,862 shares during the period. Finally, Norges Bank bought a new position in Quanta Services in the fourth quarter worth approximately $817,285,000. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PWR has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a $833.00 target price on shares of Quanta Services in a research note on Thursday, August 13th. Benchmark cut shares of Quanta Services to a “sell” rating in a report on Friday, July 31st. Guggenheim raised shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target on the stock in a report on Friday, July 31st. Finally, Morgan Stanley lowered Quanta Services to an “underweight” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $769.25.

Quanta Services Stock Up 0.6%

PWR stock opened at $623.80 on Friday. Quanta Services, Inc. has a one year low of $363.01 and a one year 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 $651.88 and its 200 day moving average is $642.61. The firm has a market cap of $93.78 billion, a PE ratio of 71.45, a P/E/G ratio of 2.05 and a beta of 1.20.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the prior year, the firm posted $2.48 earnings per share. The company’s revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, research analysts forecast that Quanta Services, Inc. will post 15.35 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, October 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 has approved a share buyback plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically 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.