Aaron Wealth Advisors LLC Invests $574,000 in Quanta Services, Inc. $PWR

Aaron Wealth Advisors LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 1,045 shares of the construction company’s stock, valued at approximately $574,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System bought a new stake in Quanta Services in the first quarter valued at $4,173,000. KFG Wealth Management LLC increased its stake in shares of Quanta Services by 2.6% in the first quarter. KFG Wealth Management LLC now owns 1,261 shares of the construction company’s stock valued at $692,000 after buying an additional 32 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Quanta Services by 22.7% in the first quarter. Ritholtz Wealth Management now owns 6,175 shares of the construction company’s stock valued at $3,390,000 after buying an additional 1,143 shares during the last quarter. KFA Private Wealth Group LLC bought a new position in shares of Quanta Services in the first quarter valued at about $254,000. Finally, Factor Wealth Management LTD acquired a new position in Quanta Services during the 1st quarter worth about $204,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Transactions at Quanta Services

In other news, CAO Paul Nobel sold 4,000 shares of the business’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 approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. 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. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PWR shares. BNP Paribas Exane began coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They issued a “neutral” rating for the company. Mizuho upped their target price on shares of Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Robert W. Baird raised their price target 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. Stifel Nicolaus set a $784.00 price objective on shares of Quanta Services in a research report on Friday, May 1st. Finally, Sanford C. Bernstein increased their price objective on Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Price Performance

PWR opened at $686.73 on Monday. The company has a fifty day moving average price of $702.52 and a two-hundred day moving average price of $575.19. The firm has a market capitalization of $103.05 billion, a PE ratio of 94.20, a P/E/G ratio of 2.71 and a beta of 1.20. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75. 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 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 return on equity of 18.64% and a net margin of 3.67%.The company had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The firm’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. As a group, analysts anticipate that Quanta Services, Inc. will post 12.81 earnings per share for the current year.

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

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.11 per share. The ex-dividend date 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 (DPR) is 6.04%.

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.