Cambient Family Office LLC Invests $485,000 in Quanta Services, Inc. $PWR

Cambient Family Office LLC acquired a new position in Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,150 shares of the construction company’s stock, valued at approximately $485,000.

Other institutional investors have also added to or reduced their stakes in the company. Arete Wealth Advisors LLC raised its position in shares of Quanta Services by 2.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock valued at $387,000 after purchasing an additional 20 shares during the period. Quantum Portfolio Management LLC raised its holdings in Quanta Services by 2.2% during the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company’s stock valued at $399,000 after acquiring an additional 20 shares during the period. Icon Wealth Advisors LLC lifted its position in shares of Quanta Services by 1.2% during the fourth quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company’s stock worth $731,000 after acquiring an additional 21 shares in the last quarter. 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 worth $484,000 after acquiring an additional 22 shares during the period. Finally, Spirepoint Private Client LLC grew its position in shares of Quanta Services by 2.0% in the fourth quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock valued at $467,000 after purchasing an additional 22 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Up 0.3%

Shares of NYSE:PWR opened at $704.35 on Friday. The firm has a market capitalization of $105.70 billion, a P/E ratio of 96.62, a P/E/G ratio of 2.76 and a beta of 1.20. 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 stock has a 50 day moving average price of $690.42 and a 200-day moving average price of $565.56. Quanta Services, Inc. has a 52-week low of $358.38 and a 52-week high of $788.75.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PWR shares. Mizuho boosted their price objective on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. UBS Group increased their target price 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. Robert W. Baird boosted their price target on shares of Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. BNP Paribas Exane initiated coverage on Quanta Services in a research report on Tuesday, April 14th. They set a “neutral” rating for the company. Finally, DA Davidson boosted their price objective on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Insider Transactions at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares in the company, valued at $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 159,992 shares of company stock worth $123,244,714. Corporate insiders own 0.60% of the company’s stock.

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.