Calamos Advisors LLC Raises Holdings in Quanta Services, Inc. $PWR

Calamos Advisors LLC grew its position in Quanta Services, Inc. (NYSE:PWR) by 5.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,501 shares of the construction company’s stock after purchasing an additional 5,389 shares during the period. Calamos Advisors LLC’s holdings in Quanta Services were worth $59,569,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PWR. Mattern Capital Management LLC acquired a new stake in shares of Quanta Services in the first quarter valued at about $335,000. Bryn Mawr Trust Advisors LLC raised its stake in shares of Quanta Services by 242.3% in the 1st quarter. Bryn Mawr Trust Advisors LLC now owns 4,518 shares of the construction company’s stock valued at $2,480,000 after purchasing an additional 3,198 shares in the last quarter. HBW Advisory Services LLC lifted its holdings in Quanta Services by 6.9% during the 1st quarter. HBW Advisory Services LLC now owns 1,437 shares of the construction company’s stock worth $789,000 after buying an additional 93 shares during the last quarter. TFR Capital LLC. lifted its stake in Quanta Services by 12.8% during the first quarter. TFR Capital LLC. now owns 5,367 shares of the construction company’s stock worth $2,947,000 after purchasing an additional 607 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Quanta Services by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 172,935 shares of the construction company’s stock valued at $94,945,000 after buying an additional 3,854 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 556,911 shares in the company, valued at $429,183,462.15. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 159,992 shares of company stock worth $123,244,714 in the last ninety days. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. TD Cowen boosted their price objective on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. BNP Paribas Exane began coverage on shares of Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating for the company. Mizuho boosted their price objective on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group reduced their target price on Quanta Services from $857.00 to $784.00 and set a “buy” rating for the company in a report on Friday. Nineteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $751.86.

Quanta Services Price Performance

NYSE PWR opened at $646.72 on Tuesday. The stock’s 50-day moving average is $713.16 and its two-hundred day moving average is $593.52. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a market cap of $97.05 billion, a P/E ratio of 88.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The firm had revenue of $7.87 billion during 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 was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 12.8 earnings per share for the current fiscal year.

Quanta Services declared that its board has initiated a share 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 repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were issued a $0.11 dividend. The ex-dividend date of this dividend was 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 (DPR) is 6.04%.

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.