Diamant Asset Management Inc. Has $162.77 Million Stake in Quanta Services, Inc. $PWR

Diamant Asset Management Inc. boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 54,802.0% in the first quarter, Holdings Channel reports. The firm owned 296,471 shares of the construction company’s stock after purchasing an additional 295,931 shares during the quarter. Diamant Asset Management Inc.’s holdings in Quanta Services were worth $162,769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evoke Wealth LLC bought a new stake in Quanta Services during the fourth quarter worth $368,000. Sequoia Financial Advisors LLC lifted its position in shares of Quanta Services by 3.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock worth $55,052,000 after buying an additional 3,966 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Quanta Services by 9.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock worth $21,357,000 after buying an additional 4,568 shares during the last quarter. Lebenthal Global Advisors LLC boosted its stake in Quanta Services by 9.8% in the fourth quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock valued at $3,915,000 after buying an additional 830 shares in the last quarter. Finally, North Dakota State Investment Board bought a new position in Quanta Services in the fourth quarter valued at about $2,131,000. 90.49% of the stock is owned by institutional investors.

Insider Buying and Selling at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly 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. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction that occurred 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 directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by corporate insiders.

Quanta Services Stock Performance

Quanta Services stock opened at $686.73 on Friday. The business has a 50 day moving average of $702.52 and a 200-day moving average of $574.40. The company has a market capitalization of $103.05 billion, a P/E ratio of 94.20, a P/E/G ratio of 2.71 and a beta of 1.20. Quanta Services, Inc. has a 1 year low of $363.01 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.

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 net margin of 3.67% and a return on equity of 18.64%. 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 company earned $1.78 EPS. The firm’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 predict that Quanta Services, Inc. will post 12.81 earnings per share for the current year.

Quanta Services announced that its board has approved 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 repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Quanta Services Announces Dividend

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 given a dividend of $0.11 per share. This represents a $0.44 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PWR shares. Robert W. Baird increased their target price on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Citigroup upped their price objective on shares of Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. TD Cowen increased their price objective on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research note on Monday, May 4th. CICC Research started coverage on shares of Quanta Services in a research report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 target price on the stock. Finally, Jefferies Financial Group upped their price target on shares of Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.