Corient Private Wealth LLC Increases Holdings in Quanta Services, Inc. $PWR

Corient Private Wealth LLC lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 137.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,151,650 shares of the construction company’s stock after purchasing an additional 667,050 shares during the quarter. Corient Private Wealth LLC’s holdings in Quanta Services were worth $486,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in PWR. Norges Bank bought a new position in shares of Quanta Services during the 4th quarter valued at approximately $817,285,000. Bank of America Corp DE raised its holdings in shares of Quanta Services by 35.6% in 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 purchasing an additional 765,822 shares during the period. Victory Capital Management Inc. lifted its stake in Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after purchasing an additional 758,862 shares during the last quarter. Sands Capital Management LLC bought a new position in Quanta Services during the fourth quarter valued at $243,485,000. Finally, Select Equity Group L.P. grew its holdings in Quanta Services by 69.3% during the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after purchasing an additional 416,395 shares during the period. Institutional investors own 90.49% of the company’s stock.

Insider Activity at Quanta Services

In other news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following 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 filing with the SEC, which can be accessed through this link. Also, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is currently owned by company insiders.

Quanta Services Trading Down 1.5%

Shares of PWR stock opened at $704.35 on Friday. The company has a market capitalization of $105.70 billion, a PE ratio of 96.62, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20. Quanta Services, Inc. has a 52-week low of $358.38 and a 52-week high of $788.75. The business’s fifty day moving average is $687.86 and its 200 day moving average is $564.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

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. 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 during the quarter, compared to analysts’ expectations of $7 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The firm’s revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities research analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services announced that its Board of Directors 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 reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Quanta Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group boosted their target price on Quanta Services from $654.00 to $857.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Mizuho lifted their price objective on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Evercore upped their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Robert W. Baird lifted their target price on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group boosted their price target on shares of Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target 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.