Banque Cantonale Vaudoise Has $3.54 Million Holdings in Quanta Services, Inc. $PWR

Banque Cantonale Vaudoise increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 52.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 6,450 shares of the construction company’s stock after buying an additional 2,207 shares during the period. Banque Cantonale Vaudoise’s holdings in Quanta Services were worth $3,542,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PWR. Evoke Wealth LLC bought a new stake in Quanta Services in the fourth quarter valued at $368,000. Sequoia Financial Advisors LLC grew its stake in shares of Quanta Services by 3.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after buying an additional 3,966 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Quanta Services by 9.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock valued at $21,357,000 after buying an additional 4,568 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in Quanta Services by 44.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock worth $101,743,000 after buying an additional 75,449 shares during the period. Finally, Lebenthal Global Advisors LLC boosted its holdings in Quanta Services by 9.8% in the fourth quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock worth $3,915,000 after acquiring an additional 830 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group boosted their price objective on Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a report on Monday, May 4th. Oppenheimer raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target for the company in a research report on Thursday, May 28th. Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Evercore lifted their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Sanford C. Bernstein upped their target price on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Price Performance

PWR opened at $718.77 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market capitalization of $107.86 billion, a price-to-earnings ratio of 98.60, a P/E/G ratio of 2.76 and a beta of 1.20. The firm’s fifty day moving average price is $700.61 and its two-hundred day moving average price is $573.61. Quanta Services, Inc. has a 1 year low of $363.01 and a 1 year high of $788.75.

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

Quanta Services Dividend Announcement

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

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

Insider Activity at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction on 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 sale, the chief accounting officer directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services 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.