Canada Post Corp Registered Pension Plan Increases Stake in Quanta Services, Inc. $PWR

Canada Post Corp Registered Pension Plan raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 27.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,705 shares of the construction company’s stock after buying an additional 790 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Quanta Services were worth $1,564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PWR. Darwin Wealth Management LLC purchased a new stake in Quanta Services during the second quarter valued at approximately $26,000. Activest Wealth Management increased its holdings in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after buying an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services during the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC increased its holdings in Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in Quanta Services during the fourth quarter valued at approximately $34,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PWR. Mizuho upped their target price on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a report on Friday, May 1st. B. Riley Financial restated a “neutral” rating on shares of Quanta Services in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Bank of America raised their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Stifel Nicolaus set a $784.00 price objective on shares of Quanta Services in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $708.05.

Insider Buying and Selling at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’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 completion of the transaction, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,992 shares of company stock valued at $123,244,714 over the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Quanta Services Stock Down 0.0%

Shares of PWR stock opened at $769.63 on Monday. The company has a market capitalization of $115.49 billion, a price-to-earnings ratio of 105.57, a PEG ratio of 2.64 and a beta of 1.24. Quanta Services, Inc. has a one year low of $320.56 and a one year high of $788.75. The company’s fifty day moving average price is $616.07 and its 200-day moving average price is $519.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data 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 the consensus estimate of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company’s revenue was up 26.3% on a year-over-year basis. 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. Sell-side analysts expect that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.

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.