Cannell & Spears LLC Trims Holdings in Quanta Services, Inc. $PWR

Cannell & Spears LLC reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,280 shares of the construction company’s stock after selling 1,432 shares during the period. Quanta Services accounts for about 1.3% of Cannell & Spears LLC’s investment portfolio, making the stock its 19th largest holding. Cannell & Spears LLC’s holdings in Quanta Services were worth $67,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund increased its position in Quanta Services by 3,657.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company’s stock valued at $121,600,000 after buying an additional 215,591 shares in the last quarter. Hilltop Holdings Inc. purchased a new stake in shares of Quanta Services in the first quarter worth $1,455,000. GC Wealth Management RIA LLC increased its holdings in shares of Quanta Services by 4.0% during the first quarter. GC Wealth Management RIA LLC now owns 20,062 shares of the construction company’s stock valued at $11,014,000 after acquiring an additional 766 shares in the last quarter. Compound Planning Inc. boosted its stake in Quanta Services by 10.8% in the 1st quarter. Compound Planning Inc. now owns 2,607 shares of the construction company’s stock worth $1,431,000 after purchasing an additional 254 shares in the last quarter. Finally, Modern Wealth Management LLC grew its position in Quanta Services by 91.3% during the 1st quarter. Modern Wealth Management LLC now owns 1,205 shares of the construction company’s stock valued at $675,000 after purchasing an additional 575 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. The trade was a 18.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Paul Nobel sold 4,000 shares of the firm’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 transaction of $3,027,920.00. Following the sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services Stock Down 4.2%

PWR opened at $626.03 on Friday. The firm’s 50 day simple moving average is $689.96 and its two-hundred day simple moving average is $605.59. The company has a market capitalization of $93.94 billion, a PE ratio of 85.88, a PEG ratio of 2.57 and a beta of 1.21. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. 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 quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.04 by $0.64. The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.Quanta Services’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities analysts forecast that Quanta Services, Inc. will post 12.8 EPS for the current 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 shares. This repurchase authorization permits the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were given 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 was Wednesday, July 1st. Quanta Services’s payout ratio is presently 6.04%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PWR shares. UBS Group upped their target price on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective on the stock in a research report on Thursday, May 28th. Evercore boosted their price target on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Wall Street Zen cut Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, The Goldman Sachs Group boosted their target price on Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $745.55.

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.