Marble Wealth LLC Takes $1.31 Million Position in Quanta Services, Inc. $PWR

Marble Wealth LLC purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, Holdings Channel.com reports. The firm purchased 3,111 shares of the construction company’s stock, valued at approximately $1,313,000.

A number of other large investors have also made changes to their positions in PWR. Sunburst Financial Group LLC increased its stake in Quanta Services by 2.0% in the 4th quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock valued at $484,000 after buying an additional 22 shares during the period. Spirepoint Private Client LLC increased its stake in Quanta Services by 2.0% in the 4th quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock valued at $467,000 after buying an additional 22 shares during the period. Vista Capital Partners Inc. increased its stake in Quanta Services by 3.1% in the 4th quarter. Vista Capital Partners Inc. now owns 742 shares of the construction company’s stock valued at $313,000 after buying an additional 22 shares during the period. Headinvest LLC increased its stake in Quanta Services by 2.2% in the 4th quarter. Headinvest LLC now owns 1,001 shares of the construction company’s stock valued at $422,000 after buying an additional 22 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Quanta Services by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

PWR stock opened at $706.74 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $106.05 billion, a price-to-earnings ratio of 96.95, a P/E/G ratio of 2.70 and a beta of 1.20. Quanta Services, Inc. has a 12 month low of $341.93 and a 12 month high of $788.75. The firm has a 50 day moving average of $650.14 and a two-hundred day moving average of $540.81.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities analysts anticipate that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

Quanta Services announced that its board has initiated a stock buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in 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 often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PWR. Citigroup upped 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 upped 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. BMO Capital Markets upped their price objective on shares of Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Mizuho upped their price objective on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $733.87.

Insider Activity at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’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 completion of the sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the company’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 directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. 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 three months. 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.