Quanta Services, Inc. $PWR Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,204 shares of the construction company’s stock after acquiring an additional 1,174 shares during the period. QRG Capital Management Inc.’s holdings in Quanta Services were worth $8,347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in Quanta Services during the fourth quarter valued at approximately $298,000. Woodline Partners LP grew its position in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after buying an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Quanta Services in the second quarter valued at $4,632,000. Marshall Wace LLP acquired a new stake in shares of Quanta Services during the 2nd quarter valued at $996,000. Finally, StoneX Group Inc. bought a new stake in shares of Quanta Services during the 2nd quarter worth $204,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Down 0.1%

Shares of Quanta Services stock opened at $667.73 on Friday. The stock has a 50-day moving average price of $711.52 and a 200 day moving average price of $582.63. The company has a market cap of $100.20 billion, a P/E ratio of 91.60, a P/E/G ratio of 2.63 and a beta of 1.21. 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, Inc. has a 1 year low of $363.01 and a 1 year high of $788.75.

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. The company 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 business’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, analysts expect that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services declared that its Board of Directors has authorized a stock repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Quanta Services Announces Dividend

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

Insider Activity at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 556,911 shares in the company, valued at $429,183,462.15. The trade was a 18.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was 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 directly owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 159,992 shares of company stock worth $123,244,714. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the subject of several analyst reports. BMO Capital Markets upped their target price on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Mizuho upped their price objective on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Oppenheimer upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price for the company in a report on Thursday, May 28th. BNP Paribas Exane began coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Finally, Citigroup upped their price target on shares of Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $755.18.

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.