Private Advisor Group LLC Purchases 2,436 Shares of Quanta Services, Inc. $PWR

Private Advisor Group LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 23.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 12,875 shares of the construction company’s stock after purchasing an additional 2,436 shares during the period. Private Advisor Group LLC’s holdings in Quanta Services were worth $7,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Evoke Wealth LLC bought a new position in Quanta Services in the fourth quarter valued at $368,000. Sequoia Financial Advisors LLC lifted its position in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 grew its holdings in shares of Quanta Services by 9.8% in the 4th quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock valued at $3,915,000 after acquiring an additional 830 shares in the last quarter. Finally, North Dakota State Investment Board bought a new position in shares of Quanta Services in the 4th quarter valued at about $2,131,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated Monday, May 4th. The stock was 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. The trade was a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 159,992 shares of company stock valued at $123,244,714. Company insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock traded down $22.04 during midday trading on Tuesday, reaching $652.00. 211,440 shares of the company’s stock were exchanged, compared to its average volume of 1,179,381. The stock’s 50-day simple moving average is $712.30 and its 200 day simple moving average is $585.33. The firm has a market cap of $97.84 billion, a price-to-earnings ratio of 89.44, a P/E/G ratio of 2.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75.

Quanta Services (NYSE:PWR) last released 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. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the firm posted $1.78 earnings per share. The business’s 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. On average, analysts expect that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

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

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PWR. Cantor Fitzgerald upped their target price on Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Citigroup boosted their price target on Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. BNP Paribas Exane started coverage on Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. BMO Capital Markets increased their price objective on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group raised their target price on shares of Quanta Services from $654.00 to $857.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.