Fideuram Intesa Sanpaolo Private Banking S.P.A. Trims Stake in Quanta Services, Inc. $PWR

Fideuram Intesa Sanpaolo Private Banking S.P.A. cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 32.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,812 shares of the construction company’s stock after selling 1,357 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Quanta Services were worth $1,544,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Lewis Asset Management LLC lifted its position in shares of Quanta Services by 2.5% in the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after acquiring an additional 17 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in Quanta Services by 2.2% during the 4th 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 lifted its holdings in Quanta Services by 2.2% in the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company’s stock worth $399,000 after purchasing an additional 20 shares in the last quarter. Icon Wealth Advisors LLC boosted its stake in Quanta Services by 1.2% in the 4th quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company’s stock worth $731,000 after purchasing an additional 21 shares during the period. Finally, Sunburst Financial Group LLC grew its holdings in Quanta Services by 2.0% during the 4th 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 in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’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 transaction, the chief executive officer directly owned 16,508 shares in the company, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the firm’s 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 directly owned 8,080 shares in the company, valued at $6,116,398.40. This represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Truist Financial lifted their price target on shares of Quanta Services from $851.00 to $940.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Robert W. Baird increased their price objective on shares of Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group raised their price objective on Quanta Services from $654.00 to $857.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $755.18.

Quanta Services Stock Performance

Quanta Services stock opened at $667.73 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 firm has a market capitalization of $100.20 billion, a P/E ratio of 91.60, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. The company’s 50-day moving average is $711.52 and its 200 day moving average is $582.63.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $7 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company’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. Research analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services announced that its Board of Directors has initiated a share repurchase plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Quanta Services Announces Dividend

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

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.