Quanta Services, Inc. $PWR Shares Sold by Capital Planning LLC

Capital Planning LLC cut its holdings in Quanta Services, Inc. (NYSE:PWR) by 85.4% in the first quarter, Holdings Channel reports. The institutional investor owned 8,661 shares of the construction company’s stock after selling 50,564 shares during the quarter. Quanta Services accounts for 1.5% of Capital Planning LLC’s holdings, making the stock its 21st largest holding. Capital Planning LLC’s holdings in Quanta Services were worth $4,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in PWR. Norges Bank purchased a new stake in Quanta Services in the 4th quarter worth $817,285,000. Bank of America Corp DE lifted its holdings in Quanta Services by 35.6% during the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Quanta Services by 35.2% during 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 in the last quarter. Corient Private Wealth LLC grew its position in shares of Quanta Services by 137.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after purchasing an additional 667,050 shares during the period. Finally, Sands Capital Management LLC purchased a new stake in shares of Quanta Services during the fourth quarter worth about $243,485,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

PWR opened at $665.65 on Thursday. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. The firm has a market capitalization of $99.89 billion, a PE ratio of 91.31, a PEG ratio of 2.58 and a beta of 1.21. 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 firm’s 50-day moving average price is $713.48 and its 200 day moving average price is $588.75.

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

Quanta Services announced that its board 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 purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management 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. Investors of record on Wednesday, July 1st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend 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%.

Insider Buying and Selling

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares in the company, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 directly owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents 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 currently owned by company insiders.

Analyst Ratings Changes

PWR has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Evercore boosted their price objective on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. UBS Group increased their target price on Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a report on Monday, May 4th. Roth Capital raised their target price on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Finally, Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target on the stock in a research note on Thursday, May 28th. Nineteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $755.18.

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.