Quanta Services, Inc. $PWR Shares Purchased by Tobam

Tobam boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 2,381.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,119 shares of the construction company’s stock after purchasing an additional 3,953 shares during the quarter. Tobam’s holdings in Quanta Services were worth $1,738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Quanta Services during the fourth quarter worth approximately $817,285,000. Bank of America Corp DE boosted its stake in Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after acquiring an additional 765,822 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after acquiring an additional 758,862 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Quanta Services by 137.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after purchasing an additional 667,050 shares during the last quarter. Finally, Sands Capital Management LLC bought a new position in shares of Quanta Services during the fourth quarter worth about $243,485,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PWR has been the subject of several research analyst reports. B. Riley Financial reissued a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. BMO Capital Markets upped their price target on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Cantor Fitzgerald lifted their price objective on shares of Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Oppenheimer raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price on the stock in a report on Thursday, May 28th. Finally, Jefferies Financial Group boosted their price objective on shares of Quanta Services from $654.00 to $857.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $704.35 on Friday. Quanta Services, Inc. has a 12-month low of $358.38 and a 12-month high of $788.75. The company has a market cap of $105.70 billion, a PE ratio of 96.62, a P/E/G ratio of 2.76 and a beta of 1.20. The stock has a 50 day simple moving average of $690.42 and a 200-day simple moving average of $565.56. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. The firm had revenue of $7.87 billion for 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 firm’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the firm earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities research analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is 6.04%.

Quanta Services announced that its board has authorized a share repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the sale, the chief executive officer owned 16,508 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 159,992 shares of company stock worth $123,244,714. Company insiders own 0.60% of the company’s stock.

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.