Maloon Powers Pitre Higgins & Dennehy LLC Invests $2.32 Million in Quanta Services, Inc. $PWR

by · The Markets Daily

Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,221 shares of the construction company’s stock, valued at approximately $2,319,000. Quanta Services accounts for 0.8% of Maloon Powers Pitre Higgins & Dennehy LLC’s holdings, making the stock its 28th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Quanta Services in the fourth quarter worth approximately $298,000. Woodline Partners LP raised its position in shares of Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after purchasing an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Quanta Services in the 2nd quarter worth $4,632,000. Marshall Wace LLP acquired a new stake in Quanta Services in the 2nd quarter valued at $996,000. Finally, StoneX Group Inc. bought a new stake in Quanta Services during the 2nd quarter valued at $204,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of PWR stock opened at $623.80 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The firm has a 50-day moving average of $651.88 and a 200-day moving average of $642.61. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75. The company has a market cap of $93.78 billion, a P/E ratio of 71.45, a P/E/G ratio of 2.03 and a beta of 1.20.

Quanta Services (NYSE:PWR – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share 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 business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $8.61 billion. During the same period in the previous year, the company earned $2.48 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services declared that its board has authorized a stock buyback program on Friday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders 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 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 5.04%.

Analyst Ratings Changes

PWR has been the topic of several research reports. Morgan Stanley downgraded shares of Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Argus set a $800.00 target price on shares of Quanta Services in a research report on Wednesday, August 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $748.00 target price on shares of Quanta Services 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 research report on Friday, July 31st. Finally, Raymond James Financial started coverage on Quanta Services in a research note on Friday, July 31st. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus target price of $769.25.

Read Our Latest Report on PWR

Quanta Services Profile

(Free Report)

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.

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