Titan Investment Management LLC Makes New Investment in Quanta Services, Inc. $PWR

Titan Investment Management LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, Holdings Channel.com reports. The firm acquired 5,043 shares of the construction company’s stock, valued at approximately $2,128,000. Quanta Services makes up about 1.9% of Titan Investment Management LLC’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Quanta Services during the fourth quarter valued at approximately $298,000. Woodline Partners LP increased its holdings in Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after buying an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Quanta Services in the 2nd quarter valued at $4,632,000. Marshall Wace LLP acquired a new stake in shares of Quanta Services during the 2nd quarter valued at about $996,000. Finally, StoneX Group Inc. bought a new stake in Quanta Services in the second quarter valued at about $204,000. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PWR shares. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Argus increased their price objective on Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Truist Financial set a $851.00 target price on Quanta Services in a research report on Friday, May 1st. Finally, Bank of America increased their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $733.87.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $704.35 on Friday. Quanta Services, Inc. has a one year low of $358.38 and a one year 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 stock’s 50-day moving average is $687.86 and its 200-day moving average is $564.58. The firm has a market cap of $105.70 billion, a price-to-earnings ratio of 96.62, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share 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 business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the business earned $1.78 earnings per share. The firm’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. Equities analysts predict that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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

Quanta Services announced that its board has authorized a stock buyback 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 shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction that occurred on 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 owned 8,080 shares in the company, valued at $6,116,398.40. This represents 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 at this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,992 shares of company stock worth $123,244,714 over the last 90 days. 0.60% of the stock is owned by company 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.