Evoke Wealth LLC Invests $368,000 in Quanta Services, Inc. $PWR

Evoke Wealth LLC acquired a new stake in Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 873 shares of the construction company’s stock, valued at approximately $368,000.

A number of other large investors have also bought and sold shares of the business. Sunburst Financial Group LLC boosted its holdings in shares of Quanta Services by 2.0% in the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock valued at $484,000 after buying an additional 22 shares during the period. Spirepoint Private Client LLC raised its holdings in shares of Quanta Services by 2.0% during the fourth quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock worth $467,000 after acquiring an additional 22 shares during the period. Vista Capital Partners Inc. lifted its position in Quanta Services by 3.1% in the 4th quarter. Vista Capital Partners Inc. now owns 742 shares of the construction company’s stock valued at $313,000 after acquiring an additional 22 shares in the last quarter. Headinvest LLC increased its holdings in Quanta Services by 2.2% during the 4th quarter. Headinvest LLC now owns 1,001 shares of the construction company’s stock worth $422,000 after purchasing an additional 22 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of Quanta Services by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after purchasing an additional 23 shares during the period. 90.49% of the stock is owned by institutional investors.

Insider Transactions at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the transaction, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 159,992 shares of company stock valued at $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

PWR opened at $722.60 on Tuesday. The business’s 50-day simple moving average is $635.13 and its 200 day simple moving average is $531.21. Quanta Services, Inc. has a 52-week low of $326.89 and a 52-week high of $788.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a market capitalization of $108.43 billion, a PE ratio of 99.12, a PEG ratio of 2.48 and a beta of 1.24.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. The business’s quarterly revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, sell-side analysts expect that Quanta Services, Inc. will post 12.84 earnings per share for the current fiscal year.

Quanta Services announced that its board has authorized a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s dividend payout ratio is 6.04%.

Wall Street Analyst Weigh In

PWR has been the subject of a number of research reports. Cantor Fitzgerald increased their price objective on Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. The Goldman Sachs Group boosted their target price on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research note on Monday, May 4th. UBS Group raised their price target on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Roth Mkm lifted their price objective on shares of Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a report on Monday, April 6th. Finally, Evercore boosted their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $715.17.

Quanta Services Company 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.