Stableford Capital II LLC Makes New $868,000 Investment in Quanta Services, Inc. $PWR

Stableford Capital II LLC purchased a new stake in Quanta Services, Inc. (NYSE:PWR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,205 shares of the construction company’s stock, valued at approximately $868,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System raised its stake in Quanta Services by 2.7% in the second quarter. Arizona State Retirement System now owns 41,638 shares of the construction company’s stock valued at $29,981,000 after purchasing an additional 1,110 shares in the last quarter. West Family Investments Inc. purchased a new position in Quanta Services in the 2nd quarter worth approximately $230,000. Waverly Advisors LLC increased its holdings in shares of Quanta Services by 3,275.5% in the 2nd quarter. Waverly Advisors LLC now owns 62,953 shares of the construction company’s stock worth $45,329,000 after buying an additional 61,088 shares during the last quarter. Bank OZK increased its holdings in shares of Quanta Services by 5.9% in the 2nd quarter. Bank OZK now owns 12,813 shares of the construction company’s stock worth $9,226,000 after buying an additional 713 shares during the last quarter. Finally, Empirical Finance LLC raised its position in shares of Quanta Services by 3.6% during the 2nd quarter. Empirical Finance LLC now owns 5,050 shares of the construction company’s stock valued at $3,636,000 after buying an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock opened at $639.02 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $96.07 billion, a PE ratio of 73.20, a P/E/G ratio of 2.05 and a beta of 1.20. The firm has a fifty day simple moving average of $648.40 and a two-hundred day simple moving average of $644.97. Quanta Services, Inc. has a twelve month low of $370.27 and a twelve month high of $788.75.

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

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

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 1st. Quanta Services’s payout ratio is 5.04%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PWR shares. Raymond James Financial initiated coverage on shares of Quanta Services in a research report on Friday, July 31st. They issued an “outperform” rating for the company. BTIG Research lowered Quanta Services to a “hold” rating in a research note on Friday, July 31st. Truist Financial reiterated a “buy” rating and issued a $976.00 price objective (up from $940.00) on shares of Quanta Services in a report on Monday, August 3rd. CICC Research started coverage on Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective on the stock. Finally, Piper Sandler initiated coverage on Quanta Services in a report on Tuesday. They set an “overweight” rating and a $731.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average target price of $767.72.

Quanta Services Profile

Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.

Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.