Quanta Services, Inc. $PWR Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 38.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,370 shares of the construction company’s stock after purchasing an additional 2,303 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Quanta Services were worth $4,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lombard Odier Asset Management Switzerland SA bought a new position in shares of Quanta Services in the 1st quarter worth about $4,663,000. Lombard Odier Asset Management Europe Ltd grew its position in shares of Quanta Services by 3.9% during the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 16,559 shares of the construction company’s stock valued at $9,091,000 after buying an additional 620 shares during the last quarter. Aristotle Atlantic Partners LLC grew its position in shares of Quanta Services by 9.9% during the 1st quarter. Aristotle Atlantic Partners LLC now owns 10,804 shares of the construction company’s stock valued at $5,932,000 after buying an additional 971 shares during the last quarter. Waverly Advisors LLC raised its stake in Quanta Services by 8.1% during the first quarter. Waverly Advisors LLC now owns 1,865 shares of the construction company’s stock worth $1,024,000 after acquiring an additional 139 shares during the period. Finally, Wealth Alliance LLC lifted its holdings in Quanta Services by 15.6% in the first quarter. Wealth Alliance LLC now owns 1,939 shares of the construction company’s stock worth $1,065,000 after acquiring an additional 262 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PWR shares. Jefferies Financial Group dropped their price target on Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $714.00 price target on shares of Quanta Services in a research note on Tuesday, July 21st. Robert W. Baird raised their target price on Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Oppenheimer raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target for the company in a report on Thursday, May 28th. Finally, The Goldman Sachs Group raised their price objective on shares of Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $745.55.

Quanta Services Trading Down 0.9%

Shares of NYSE PWR opened at $619.98 on Tuesday. 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 12 month low of $363.01 and a 12 month high of $788.75. The company has a market cap of $93.03 billion, a price-to-earnings ratio of 85.05, a P/E/G ratio of 2.46 and a beta of 1.21. The business has a fifty day simple moving average of $687.90 and a 200-day simple moving average of $608.07.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same quarter last year, the business posted $1.78 EPS. Quanta Services’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. Sell-side analysts predict that Quanta Services, Inc. will post 12.8 EPS for the current year.

Quanta Services Dividend Announcement

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

Quanta Services announced that its Board of Directors has initiated a stock repurchase program on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the company’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 value of $3,027,920.00. Following the completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’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 completion of the transaction, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at $12,722,880.68. This represents a 61.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by insiders.

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.