Franklin Resources Inc. Acquires 80,476 Shares of Quanta Services, Inc. $PWR

Franklin Resources Inc. increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 15.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 591,926 shares of the construction company’s stock after buying an additional 80,476 shares during the quarter. Franklin Resources Inc.’s holdings in Quanta Services were worth $249,828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PWR. Norges Bank bought a new stake in shares of Quanta Services during the 4th quarter worth approximately $817,285,000. Bank of America Corp DE lifted its stake in shares of Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after acquiring an additional 765,822 shares during the last quarter. Select Equity Group L.P. lifted its stake in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after acquiring an additional 416,395 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after acquiring an additional 386,937 shares during the last quarter. Finally, ABN AMRO Bank N.V. lifted its stake in shares of Quanta Services by 376.5% during the 4th quarter. ABN AMRO Bank N.V. now owns 422,486 shares of the construction company’s stock worth $178,264,000 after acquiring an additional 333,817 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction on Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the transaction, the chief accounting officer directly 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 sale 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 Quanta Services stock in a transaction on 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 completion of the transaction, 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. Insiders sold a total of 159,992 shares of company stock worth $123,244,714 over the last quarter. Company insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $691.41 on Wednesday. The firm has a market cap of $103.75 billion, a P/E ratio of 94.84, a P/E/G ratio of 2.73 and a beta of 1.20. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 12 month low of $341.93 and a 12 month high of $788.75. The stock’s fifty day moving average price is $667.21 and its 200-day moving average price is $552.14.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) 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 business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period last year, the business posted $1.78 EPS. The business’s revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities research analysts expect that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services declared that its Board of Directors has authorized a stock buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders 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 dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

Analyst Upgrades and Downgrades

Several research firms have commented on PWR. JPMorgan Chase & Co. raised their price objective on Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. TD Cowen raised their price objective on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a report on Monday, May 4th. The Goldman Sachs Group increased their price target on Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Finally, BMO Capital Markets raised their price target on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research note 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.