ABN Amro Investment Solutions Buys 6,174 Shares of Quanta Services, Inc. $PWR

ABN Amro Investment Solutions raised its stake in Quanta Services, Inc. (NYSE:PWR) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,459 shares of the construction company’s stock after buying an additional 6,174 shares during the quarter. ABN Amro Investment Solutions’ holdings in Quanta Services were worth $21,297,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after buying an additional 386,937 shares in the last quarter. State Street Corp lifted its stake in Quanta Services by 1.2% in the third quarter. State Street Corp now owns 6,080,747 shares of the construction company’s stock valued at $2,519,983,000 after buying an additional 73,460 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Quanta Services by 35.6% in the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Quanta Services by 8.8% in the third quarter. Victory Capital Management Inc. now owns 2,156,578 shares of the construction company’s stock worth $893,139,000 after purchasing an additional 174,083 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Quanta Services by 5.4% in the third quarter. Invesco Ltd. now owns 1,805,239 shares of the construction company’s stock worth $748,127,000 after purchasing an additional 93,290 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE:PWR opened at $708.94 on Thursday. Quanta Services, Inc. has a one year low of $320.56 and a one year high of $788.75. The company has a market cap of $106.38 billion, a P/E ratio of 97.25, a P/E/G ratio of 2.45 and a beta of 1.24. The firm’s fifty day moving average price is $625.85 and its two-hundred day moving average price is $525.41. 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 data on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The company’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. Equities analysts expect that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Announces Dividend

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

Insider Buying and Selling at Quanta Services

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 value of $3,027,920.00. Following the transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the company’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 transaction, the chief executive officer owned 556,911 shares in the company, valued at $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 159,992 shares of company stock worth $123,244,714. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Robert W. Baird boosted their price objective on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Sanford C. Bernstein boosted their price objective on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Wolfe Research boosted their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. UBS Group boosted their target price on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Roth Mkm boosted their target price on shares of Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $708.05.

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.