Quanta Services, Inc. $PWR Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in Quanta Services, Inc. (NYSE:PWR) by 16.8% during the fourth quarter, HoldingsChannel reports. The firm owned 11,796 shares of the construction company’s stock after selling 2,376 shares during the period. Pacer Advisors Inc.’s holdings in Quanta Services were worth $4,979,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Titan Investment Management LLC acquired a new stake in shares of Quanta Services in the fourth quarter valued at about $2,128,000. MV Capital Management Inc. acquired a new position in Quanta Services during the fourth quarter worth about $30,000. Cambient Family Office LLC acquired a new position in Quanta Services during the fourth quarter worth about $485,000. Compound Planning Inc. grew its stake in Quanta Services by 35.9% during the 4th quarter. Compound Planning Inc. now owns 2,353 shares of the construction company’s stock valued at $993,000 after acquiring an additional 621 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Quanta Services by 0.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 4,016 shares of the construction company’s stock valued at $1,695,000 after acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PWR shares. BNP Paribas Exane started coverage on shares of Quanta Services in a research note on Tuesday, April 14th. They issued a “neutral” rating on the stock. Citigroup increased their price target on Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a report on Monday, April 27th. BMO Capital Markets lifted their price objective on Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Sanford C. Bernstein boosted their price objective on Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $733.87.

Insiders Place Their Bets

In related news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction dated 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 owned 16,508 shares in the company, valued at approximately $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 159,992 shares of company stock worth $123,244,714 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock opened at $742.13 on Tuesday. The firm has a 50 day simple moving average of $693.63 and a 200-day simple moving average of $568.38. Quanta Services, Inc. has a 1-year low of $358.38 and a 1-year high of $788.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market cap of $111.36 billion, a price-to-earnings ratio of 101.80, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the company earned $1.78 EPS. The business’s revenue for the quarter 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, analysts expect that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Dividend Announcement

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. 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 announced that its board has initiated a share repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About Quanta Services

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.