Axxcess Wealth Management LLC Sells 1,157 Shares of Quanta Services, Inc. $PWR

Axxcess Wealth Management LLC trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR) by 28.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,859 shares of the construction company’s stock after selling 1,157 shares during the period. Axxcess Wealth Management LLC’s holdings in Quanta Services were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PWR. Brighton Jones LLC bought a new position in Quanta Services during the fourth quarter worth about $298,000. Woodline Partners LP raised its stake in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after buying an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Quanta Services in the second quarter valued at approximately $4,632,000. Marshall Wace LLP bought a new position in shares of Quanta Services during the 2nd quarter worth approximately $996,000. Finally, StoneX Group Inc. bought a new position in shares of Quanta Services during the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE:PWR opened at $665.65 on Thursday. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75. The firm has a market cap of $99.89 billion, a price-to-earnings ratio of 91.31, a P/E/G ratio of 2.58 and a beta of 1.21. The firm’s 50-day simple moving average is $713.48 and its 200 day simple moving average is $588.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last posted 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. 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 the consensus estimate of $7 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The business’s revenue for the quarter 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, sell-side analysts predict that Quanta Services, Inc. will post 12.81 earnings per share for the current year.

Quanta Services declared that its board has approved a stock repurchase plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.04%.

Insider Buying and Selling

In other news, CAO Paul Nobel sold 4,000 shares of the company’s 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 completion of the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares in the company, valued at approximately $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,992 shares of company stock worth $123,244,714 in the last three months. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PWR has been the topic of a number of research analyst reports. Mizuho increased their price target on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Evercore upped 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. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. BNP Paribas Exane assumed coverage on shares of Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating for the company. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Nineteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average price target of $755.18.

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.