Hilton Head Capital Partners LLC Acquires New Position in Quanta Services, Inc. $PWR

Hilton Head Capital Partners LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, Holdings Channel reports. The fund acquired 2,104 shares of the construction company’s stock, valued at approximately $888,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of Quanta Services by 1.4% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 7,765 shares of the construction company’s stock valued at $3,277,000 after buying an additional 104 shares during the period. Syon Capital LLC lifted its stake in shares of Quanta Services by 4.4% during the fourth quarter. Syon Capital LLC now owns 1,386 shares of the construction company’s stock valued at $585,000 after buying an additional 58 shares during the period. ING Groep NV lifted its stake in shares of Quanta Services by 184.0% during the fourth quarter. ING Groep NV now owns 38,517 shares of the construction company’s stock valued at $16,256,000 after buying an additional 24,954 shares during the period. Cookson Peirce & Co. Inc. lifted its stake in shares of Quanta Services by 2.7% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 8,041 shares of the construction company’s stock valued at $3,394,000 after buying an additional 215 shares during the period. Finally, XML Financial LLC lifted its stake in shares of Quanta Services by 4.5% during the fourth quarter. XML Financial LLC now owns 575 shares of the construction company’s stock valued at $243,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

PWR has been the subject of several research analyst reports. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Wolfe Research upped their price target 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. CICC Research initiated coverage on shares of Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price target for the company. Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Stifel Nicolaus set a $784.00 price target on shares of Quanta Services in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $733.87.

Quanta Services Price Performance

PWR opened at $696.07 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 52-week low of $341.93 and a 52-week high of $788.75. The company has a 50 day moving average of $661.40 and a two-hundred day moving average of $548.61. The company has a market cap of $104.45 billion, a P/E ratio of 95.48, a P/E/G ratio of 2.74 and a beta of 1.20.

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, topping 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 company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. Quanta Services’s revenue for the quarter 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 year.

Quanta Services Dividend Announcement

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

Quanta Services declared that its Board of Directors has authorized a stock repurchase plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the business’s 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by 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.