Zweig DiMenna Associates LLC Sells 83,450 Shares of Quanta Services, Inc. $PWR

Zweig DiMenna Associates LLC cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 84.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 15,550 shares of the construction company’s stock after selling 83,450 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in Quanta Services were worth $8,537,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC raised its position in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services during the second quarter worth about $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Quanta Services in the fourth quarter valued at approximately $28,000. MV Capital Management Inc. acquired a new position in shares of Quanta Services in the fourth quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. raised its holdings in 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 buying an additional 51 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction 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 owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,992 shares of company stock valued at $123,244,714 in the last three months. 0.60% of the stock is owned by insiders.

Quanta Services Stock Performance

Shares of PWR stock opened at $661.17 on Wednesday. The business’s 50 day simple moving average is $710.96 and its 200 day simple moving average is $595.12. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75. The stock has a market capitalization of $99.22 billion, a PE ratio of 90.70, a PEG ratio of 2.55 and a beta of 1.21. 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 released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.64. The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, research analysts forecast that Quanta Services, Inc. will post 12.8 earnings per share for the current year.

Quanta Services announced that its Board of Directors has approved a stock repurchase plan on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is 6.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PWR shares. JPMorgan Chase & Co. lifted their target price on shares of Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Robert W. Baird upped their price target on shares of Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Citigroup lifted their price target on shares of Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Mizuho boosted their price objective on shares of Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $751.86.

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.