Collaborative Fund Advisors LLC Invests $873,000 in Quanta Services, Inc. $PWR

Collaborative Fund Advisors LLC purchased a new position in Quanta Services, Inc. (NYSE:PWR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,590 shares of the construction company’s stock, valued at approximately $873,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evoke Wealth LLC purchased a new stake in shares of Quanta Services in the fourth quarter valued at $368,000. Sequoia Financial Advisors LLC grew its holdings in shares of Quanta Services by 3.1% during the fourth 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Quanta Services by 9.9% during the fourth 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 during the period. Lebenthal Global Advisors LLC raised its position in Quanta Services by 9.8% during the fourth quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock valued at $3,915,000 after buying an additional 830 shares during the period. Finally, North Dakota State Investment Board purchased a new stake in Quanta Services in the 4th quarter worth about $2,131,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Down 0.1%

PWR opened at $667.73 on Monday. The company has a market capitalization of $100.20 billion, a PE ratio of 91.60, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75. The business has a 50-day moving average of $711.52 and a 200-day moving average of $583.67.

Quanta Services (NYSE:PWR) last announced 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 return on equity of 18.64% and a net margin of 3.67%.The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The firm’s quarterly 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. Equities research analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced 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 payout ratio is currently 6.04%.

Quanta Services announced that its board has initiated a stock 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 buy up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

PWR has been the topic of several research analyst reports. Stifel Nicolaus set a $784.00 target price on Quanta Services in a research note on Friday, May 1st. Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Cantor Fitzgerald upped their price objective on shares of Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, CICC Research initiated coverage on shares of Quanta Services in a research report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $755.18.

Insider Buying and Selling at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares in the company, valued at $429,183,462.15. This represents a 18.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is currently owned by company insiders.

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.