Nomura Asset Management Co. Ltd. Purchases 2,300 Shares of Quanta Services, Inc. $PWR

Nomura Asset Management Co. Ltd. lifted its position in Quanta Services, Inc. (NYSE:PWR) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 134,030 shares of the construction company’s stock after purchasing an additional 2,300 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Quanta Services were worth $56,569,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PWR. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services in the 2nd quarter worth about $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Quanta Services in the 4th quarter worth about $28,000. Cornerstone Planning Group LLC grew its holdings in shares of Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after purchasing an additional 49 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Quanta Services by 266.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock worth $32,000 after purchasing an additional 56 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Quanta Services in the 4th quarter worth about $34,000. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PWR. B. Riley Financial reissued a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. Sanford C. Bernstein increased their price objective on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Stifel Nicolaus set a $784.00 price objective on shares of Quanta Services in a report on Friday, May 1st. BNP Paribas Exane began coverage on shares of Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. Finally, Citigroup increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $733.87.

Quanta Services Stock Performance

Quanta Services stock opened at $710.34 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 1 year low of $336.57 and a 1 year high of $788.75. The company has a market cap of $106.59 billion, a PE ratio of 97.44, a PEG ratio of 2.79 and a beta of 1.20. The company’s 50-day moving average is $647.92 and its two-hundred day moving average is $539.13.

Quanta Services (NYSE:PWR) last released its earnings results 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. 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 for the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the company posted $1.78 EPS. The company’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. Equities analysts anticipate that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date 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 announced that its Board of Directors has authorized a share repurchase 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 a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were 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 trade represents a 61.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,992 shares of company stock worth $123,244,714 over the last quarter. 0.60% of the stock is currently owned by corporate 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.