Aristotle Atlantic Partners LLC Acquires 971 Shares of Quanta Services, Inc. $PWR

Aristotle Atlantic Partners LLC grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 9.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,804 shares of the construction company’s stock after acquiring an additional 971 shares during the quarter. Aristotle Atlantic Partners LLC’s holdings in Quanta Services were worth $5,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PWR. Norges Bank purchased a new stake in Quanta Services in the fourth quarter worth $817,285,000. Victory Capital Management Inc. raised its holdings in Quanta Services by 35.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after purchasing an additional 758,862 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Quanta Services by 137.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after purchasing an additional 667,050 shares in the last quarter. Sands Capital Management LLC purchased a new stake in shares of Quanta Services in the 4th quarter worth about $243,485,000. Finally, Select Equity Group L.P. boosted its stake in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after purchasing an additional 416,395 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PWR. Roth Capital boosted their price target on shares of Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Truist Financial lifted their price objective on Quanta Services from $851.00 to $940.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Jefferies Financial Group reduced their target price on Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Wall Street Zen lowered Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Evercore raised their target price on Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $745.55.

Quanta Services Trading Down 4.2%

NYSE:PWR opened at $626.03 on Friday. The firm has a market capitalization of $93.94 billion, a P/E ratio of 85.88, a PEG ratio of 2.46 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 one year low of $363.01 and a one year high of $788.75. The company’s 50-day simple moving average is $689.96 and its 200 day simple moving average is $605.59.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share 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 business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, analysts forecast that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

Quanta Services declared that its board has authorized a share 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 reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction that occurred 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 owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were 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 in the company, valued at $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 159,992 shares of company stock valued at $123,244,714 over the last ninety days. 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.