DB Fitzpatrick & Co Inc Cuts Holdings in Quanta Services, Inc. $PWR

DB Fitzpatrick & Co Inc reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 14.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,814 shares of the construction company’s stock after selling 822 shares during the quarter. Quanta Services makes up 2.3% of DB Fitzpatrick & Co Inc’s investment portfolio, making the stock its 5th largest holding. DB Fitzpatrick & Co Inc’s holdings in Quanta Services were worth $2,643,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in Quanta Services in the 4th quarter valued at $298,000. Woodline Partners LP lifted its position in Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Quanta Services during the second quarter valued at about $4,632,000. Marshall Wace LLP acquired a new stake in shares of Quanta Services in the second quarter valued at about $996,000. Finally, StoneX Group Inc. bought a new position in shares of Quanta Services in the second quarter worth about $204,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Truist Financial raised its price target on Quanta Services from $851 to $940 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga / The Fly report
• Positive Sentiment: Analysts continue to highlight Quanta as a strong growth name, supported by its exposure to grid modernization, power demand, and large infrastructure spending. Zacks article
• Positive Sentiment: The company’s recent fundamentals remain strong, with first-quarter revenue and EPS beating expectations and backlog reaching a record level, reinforcing the longer-term bullish case. Quiver Quantitative analysis
• Neutral Sentiment: Quanta was also mentioned in broader renewable energy stock roundups, which suggests continued investor interest in the sector but no specific new company catalyst. Renewable Energy Stocks To Follow Today – July 1st
• Negative Sentiment: One market note tied the recent decline to valuation concerns and a lack of new catalysts, while insider and some institutional selling may be adding to near-term caution. Quiver Quantitative analysis

Analyst Ratings Changes

Several brokerages recently weighed in on PWR. CICC Research initiated coverage on Quanta Services in a research note on Thursday, May 21st. They set an “outperform” rating and a $872.00 target price for the company. Sanford C. Bernstein lifted their price target on Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Mizuho increased their price objective on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Citigroup raised their price objective on shares of Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $755.18.

Quanta Services Trading Down 3.4%

Quanta Services stock opened at $667.73 on Friday. The business has a 50 day moving average price of $710.43 and a two-hundred day moving average price of $582.03. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75. The stock has a market cap of $100.20 billion, a price-to-earnings ratio of 91.60, a price-to-earnings-growth ratio of 2.72 and a beta of 1.21.

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

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be issued a $0.11 dividend. 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 payout ratio is 6.04%.

Quanta Services declared that its Board of Directors has initiated a stock buyback plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in 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 generally an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at $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 is available through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the 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 completion of the transaction, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 159,992 shares of company stock valued at $123,244,714. Corporate insiders own 0.60% of the company’s stock.

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.