Cahaba Wealth Management Inc. Takes $415,000 Position in Quanta Services, Inc. $PWR

Cahaba Wealth Management Inc. acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 755 shares of the construction company’s stock, valued at approximately $415,000.

Several other institutional investors have also recently added to or reduced their stakes in PWR. Cedar Mountain Advisors LLC lifted its holdings in Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services in the second quarter valued at approximately $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Quanta Services in the fourth quarter valued at approximately $28,000. MV Capital Management Inc. purchased a new position in shares of Quanta Services during the fourth quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. boosted its position in Quanta Services by 221.7% during the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PWR shares. Cantor Fitzgerald boosted their price target on Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Roth Capital lifted their price objective on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Zacks Research downgraded Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, BNP Paribas Exane initiated coverage on shares of Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $755.18.

Quanta Services Stock Up 1.3%

NYSE PWR opened at $665.65 on Thursday. 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, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75. The business has a 50 day moving average price of $713.48 and a two-hundred day moving average price of $588.75. The stock has a market cap of $99.89 billion, a PE ratio of 91.31, a P/E/G ratio of 2.58 and a beta of 1.21.

Quanta Services (NYSE:PWR) last posted its 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 business 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 revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 earnings per share. 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 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be issued a $0.11 dividend. 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 payout ratio is currently 6.04%.

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

Insider Transactions at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the company’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 transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is currently owned by corporate insiders.

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.