Quanta Services, Inc. $PWR Position Lessened by Burney Co.

Burney Co. decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 19.7% in the first quarter, Holdings Channel.com reports. The firm owned 11,913 shares of the construction company’s stock after selling 2,918 shares during the period. Burney Co.’s holdings in Quanta Services were worth $6,540,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have commented on PWR. CICC Research initiated coverage on Quanta Services in a report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price target on the stock. BMO Capital Markets upped their price objective on shares of Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a research note on Friday, May 1st. Mizuho boosted 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. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $755.18.

Insider Transactions at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade 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 130,000 shares of the firm’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 transaction of $100,184,500.00. Following the completion of the sale, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 159,992 shares of company stock valued at $123,244,714 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Quanta Services Stock Up 0.8%

PWR opened at $673.73 on Tuesday. The company has a market capitalization of $101.10 billion, a P/E ratio of 92.42, a P/E/G 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. The firm’s fifty day moving average price is $712.30 and its two-hundred day moving average price is $585.33. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The firm had revenue of $7.87 billion during 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 company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Dividend Announcement

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

Quanta Services declared that its board has authorized a stock 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 reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.