Resona Asset Management Co. Ltd. Trims Stock Holdings in Quanta Services, Inc. $PWR

Resona Asset Management Co. Ltd. lowered its position in Quanta Services, Inc. (NYSE:PWR) by 2.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,761 shares of the construction company’s stock after selling 939 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Quanta Services were worth $19,815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Sunburst Financial Group LLC increased its holdings in shares of Quanta Services by 2.0% in the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock valued at $484,000 after purchasing an additional 22 shares during the period. Spirepoint Private Client LLC increased its holdings in shares of Quanta Services by 2.0% in the fourth quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock valued at $467,000 after purchasing an additional 22 shares during the period. Vista Capital Partners Inc. increased its holdings in shares of Quanta Services by 3.1% in the fourth quarter. Vista Capital Partners Inc. now owns 742 shares of the construction company’s stock valued at $313,000 after purchasing an additional 22 shares during the period. Headinvest LLC increased its holdings in shares of Quanta Services by 2.2% in the fourth quarter. Headinvest LLC now owns 1,001 shares of the construction company’s stock valued at $422,000 after purchasing an additional 22 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Quanta Services by 0.5% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Down 1.1%

Shares of PWR stock opened at $714.89 on Wednesday. The business’s fifty day moving average price is $623.03 and its 200 day moving average price is $523.61. Quanta Services, Inc. has a 1-year low of $320.56 and a 1-year high of $788.75. The firm has a market capitalization of $107.28 billion, a PE ratio of 98.06, a P/E/G ratio of 2.48 and a beta of 1.24. 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 announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping 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 firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. Quanta Services’s quarterly 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. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio is 6.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PWR shares. UBS Group boosted their target price on Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. DA Davidson boosted their target price on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, Robert W. Baird boosted their target price on Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $708.05.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the sale, the chief executive officer owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $3,027,920.00. Following the completion of the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 159,992 shares of company stock worth $123,244,714 in the last three months. 0.60% of the stock is owned by corporate insiders.

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.