Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,097 Shares of Quanta Services, Inc. $PWR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Quanta Services, Inc. (NYSE:PWR) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,685 shares of the construction company’s stock after selling 1,097 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Quanta Services were worth $14,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in Quanta Services by 93.7% in the fourth quarter. BNP Paribas Financial Markets now owns 302,509 shares of the construction company’s stock valued at $127,677,000 after acquiring an additional 146,368 shares during the last quarter. Norges Bank bought a new position in Quanta Services in the fourth quarter valued at approximately $817,285,000. Coyle Financial Counsel LLC boosted its stake in Quanta Services by 15.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 784 shares of the construction company’s stock valued at $331,000 after acquiring an additional 103 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Quanta Services in the fourth quarter valued at approximately $19,052,000. Finally, Triglav Investments D.O.O. boosted its stake in Quanta Services by 10.3% in the fourth quarter. Triglav Investments D.O.O. now owns 23,011 shares of the construction company’s stock valued at $9,712,000 after acquiring an additional 2,146 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares in the company, valued at $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the firm’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 sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over 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.

Quanta Services Trading Down 0.2%

Shares of NYSE PWR opened at $710.34 on Monday. The company’s fifty day moving average is $647.92 and its 200-day moving average is $539.13. The stock has a market cap of $106.59 billion, a price-to-earnings ratio of 97.44, a P/E/G ratio of 2.79 and a beta of 1.20. Quanta Services, Inc. has a twelve month low of $336.57 and a twelve month high of $788.75. 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 (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts predict that Quanta Services, Inc. will post 12.84 EPS for the current year.

Quanta Services announced that its Board of Directors has approved a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Quanta Services Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on PWR. Citigroup raised their price objective on shares of Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Bank of America raised their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Argus lifted their price target on shares of Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Stifel Nicolaus set a $784.00 price target on shares of Quanta Services in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $733.87.

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.