6,134 Shares in Quanta Services, Inc. $PWR Acquired by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,134 shares of the construction company’s stock, valued at approximately $2,589,000.

Other institutional investors also recently bought and sold shares of the company. Cedar Mountain Advisors LLC increased its holdings in Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after purchasing an additional 45 shares during the period. Flagship Harbor Advisors LLC purchased a new position in Quanta Services during the 4th quarter worth $28,000. Darwin Wealth Management LLC purchased a new position in Quanta Services during the 2nd quarter worth $26,000. Meeder Asset Management Inc. increased its holdings in Quanta Services by 221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after purchasing an additional 51 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in Quanta Services by 266.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock worth $32,000 after purchasing an additional 56 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the business’s 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 owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade 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 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 Trading Up 3.7%

Shares of NYSE:PWR opened at $708.86 on Friday. Quanta Services, Inc. has a 12-month low of $349.06 and a 12-month high of $788.75. The business’s fifty day simple moving average is $675.23 and its 200-day simple moving average is $556.55. The company has a market capitalization of $106.37 billion, a PE ratio of 97.24, a P/E/G ratio of 2.78 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 (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. As a group, equities research analysts predict 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%.

Analysts Set New Price Targets

Several research analysts have commented on PWR shares. Roth Mkm raised their price objective on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, April 6th. B. Riley Financial restated a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. DA Davidson raised their price objective on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Finally, Bank of America raised their price objective on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $733.87.

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.