Three Seasons Wealth LLC Takes $791,000 Position in Quanta Services, Inc. $PWR

Three Seasons Wealth LLC acquired a new position in Quanta Services, Inc. (NYSE:PWR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,099 shares of the construction company’s stock, valued at approximately $791,000.

Other institutional investors have also added to or reduced their stakes in the company. Syon Capital LLC boosted its position in Quanta Services by 9.3% during the second quarter. Syon Capital LLC now owns 1,622 shares of the construction company’s stock worth $1,168,000 after purchasing an additional 138 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Quanta Services by 36.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 82,959 shares of the construction company’s stock valued at $57,323,000 after buying an additional 22,150 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in Quanta Services by 4.3% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 1,473 shares of the construction company’s stock worth $1,061,000 after buying an additional 61 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in Quanta Services by 103.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,312 shares of the construction company’s stock worth $8,865,000 after buying an additional 6,258 shares during the period. Finally, NEOS Investment Management LLC raised its holdings in Quanta Services by 12.9% during the 2nd quarter. NEOS Investment Management LLC now owns 23,940 shares of the construction company’s stock valued at $17,235,000 after acquiring an additional 2,732 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Benchmark lowered Quanta Services to a “sell” rating in a report on Friday, July 31st. Morgan Stanley cut Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. Weiss Ratings lowered shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Guggenheim raised shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price on the stock in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $714.00 target price on shares of Quanta Services in a research note on Tuesday, July 21st. One equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $769.25.

Quanta Services Stock Performance

Quanta Services stock opened at $623.80 on Friday. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two 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 stock has a market cap of $93.78 billion, a P/E ratio of 71.45, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The firm’s fifty day moving average price is $651.88 and its 200-day moving average price is $642.61.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The company had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same period in the previous year, the business earned $2.48 earnings per share. The firm’s quarterly 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, equities research analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is 5.04%.

Quanta Services announced that its board has authorized a share buyback program on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.