Quanta Services, Inc. $PWR Shares Sold by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. lessened its position in Quanta Services, Inc. (NYSE:PWR) by 20.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 337,059 shares of the construction company’s stock after selling 85,427 shares during the quarter. Quanta Services makes up about 2.0% of ABN AMRO Bank N.V.’s portfolio, making the stock its 18th largest holding. ABN AMRO Bank N.V.’s holdings in Quanta Services were worth $186,709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC grew its holdings in shares of Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after buying an additional 45 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Quanta Services in the fourth quarter worth about $28,000. Darwin Wealth Management LLC acquired a new position in Quanta Services during the second quarter worth about $26,000. MV Capital Management Inc. acquired a new position in Quanta Services during the fourth quarter worth about $30,000. Finally, Brown Lisle Cummings Inc. grew its stake in Quanta Services by 825.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 74 shares of the construction company’s stock valued at $41,000 after acquiring an additional 66 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PWR has been the subject of several recent research reports. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. CICC Research assumed coverage on Quanta Services in a report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 target price for the company. Robert W. Baird raised their target price on Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. BNP Paribas Exane began coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $733.87.

Insider Buying and Selling

In related news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at $12,722,880.68. The trade was a 61.16% decrease in their ownership of the stock. 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. 0.60% of the stock is owned by corporate insiders.

Quanta Services Price Performance

PWR stock opened at $686.73 on Friday. The business’s fifty day moving average price is $702.52 and its 200 day moving average price is $574.40. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $103.05 billion, a PE ratio of 94.20, a P/E/G ratio of 2.71 and a beta of 1.20.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating 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 company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same quarter last year, the company posted $1.78 EPS. The firm’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. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Announces Dividend

The business also recently declared 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. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, July 1st. Quanta Services’s dividend payout ratio is currently 6.04%.

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

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.