Guyasuta Investment Advisors Inc. Lowers Stock Position in Quanta Services, Inc. $PWR

Guyasuta Investment Advisors Inc. trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,605 shares of the construction company’s stock after selling 1,041 shares during the period. Quanta Services comprises 2.3% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 14th biggest holding. Guyasuta Investment Advisors Inc.’s holdings in Quanta Services were worth $39,313,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Cedar Mountain Advisors LLC grew its holdings in Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after acquiring an additional 45 shares during the period. Darwin Wealth Management LLC acquired a new stake in Quanta Services in the second quarter valued at $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Quanta Services during the 4th quarter worth $28,000. MV Capital Management Inc. acquired a new position in shares of Quanta Services during the 4th quarter worth $30,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Quanta Services by 221.7% in the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after purchasing an additional 51 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PWR has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Sanford C. Bernstein increased their target price on shares of Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Mizuho lifted their price target on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Argus boosted their price target on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, BNP Paribas Exane assumed coverage on Quanta Services in a report on Tuesday, April 14th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $733.87.

Quanta Services Stock Performance

NYSE:PWR opened at $703.54 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $105.57 billion, a P/E ratio of 96.51, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. The firm has a 50-day moving average price of $695.99 and a two-hundred day moving average price of $570.12. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75.

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 the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion for 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 quarter in the prior year, the firm earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

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. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is presently 6.04%.

Quanta Services declared that its board has initiated a share buyback plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares in the company, valued at $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by insiders.

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.