Quanta Services, Inc. $PWR is Adell Harriman & Carpenter Inc.’s 4th Largest Position

Adell Harriman & Carpenter Inc. lowered its holdings in Quanta Services, Inc. (NYSE:PWR) by 2.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 118,866 shares of the construction company’s stock after selling 3,237 shares during the quarter. Quanta Services accounts for approximately 4.0% of Adell Harriman & Carpenter Inc.’s investment portfolio, making the stock its 4th largest holding. Adell Harriman & Carpenter Inc.’s holdings in Quanta Services were worth $65,260,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PWR. 1ST Source Bank increased its position in shares of Quanta Services by 1.9% in the first quarter. 1ST Source Bank now owns 6,743 shares of the construction company’s stock worth $3,702,000 after purchasing an additional 123 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Quanta Services by 2.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 7,481 shares of the construction company’s stock worth $4,107,000 after buying an additional 211 shares during the last quarter. Calamos Advisors LLC raised its position in shares of Quanta Services by 5.2% during the 1st quarter. Calamos Advisors LLC now owns 108,501 shares of the construction company’s stock valued at $59,569,000 after buying an additional 5,389 shares in the last quarter. Mattern Capital Management LLC purchased a new stake in shares of Quanta Services during the 1st quarter valued at $335,000. Finally, Bryn Mawr Trust Advisors LLC lifted its holdings in shares of Quanta Services by 242.3% during the 1st quarter. Bryn Mawr Trust Advisors LLC now owns 4,518 shares of the construction company’s stock worth $2,480,000 after acquiring an additional 3,198 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

PWR has been the topic of a number of research analyst reports. B. Riley Financial reissued a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Stifel Nicolaus set a $784.00 price target on Quanta Services in a research note on Friday, May 1st. Citigroup increased their price objective on Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Oppenheimer upgraded Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price for the company in a research report on Thursday, May 28th. Nineteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $751.86.

Insider Buying and Selling

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction that occurred 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 of the company’s stock, valued at $6,116,398.40. The trade was a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the completion of the sale, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. The trade was a 18.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 159,992 shares of company stock worth $123,244,714 over the last ninety days. Insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock opened at $661.17 on Wednesday. The firm has a fifty day simple moving average of $710.96 and a two-hundred day simple moving average of $595.12. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. The company has a market capitalization of $99.22 billion, a PE ratio of 90.70, a P/E/G ratio of 2.55 and a beta of 1.21.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the firm earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts expect that Quanta Services, Inc. will post 12.8 EPS for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Wednesday, July 1st were 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 was Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.

Quanta Services announced that its Board of Directors has initiated a share repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership 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.