O Shaughnessy Asset Management LLC Acquires 1,214 Shares of Quanta Services, Inc. $PWR

O Shaughnessy Asset Management LLC lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 3.2% in the 4th quarter, HoldingsChannel reports. The fund owned 38,862 shares of the construction company’s stock after purchasing an additional 1,214 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Quanta Services were worth $16,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PWR. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services during the second quarter worth about $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Quanta Services during the fourth quarter worth about $28,000. Creative Financial Designs Inc. ADV increased its position in shares of Quanta Services by 266.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock worth $32,000 after acquiring an additional 56 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of Quanta Services during the fourth quarter worth about $34,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Quanta Services during the fourth quarter worth about $34,000. 90.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. This represents a 18.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Paul Nobel sold 4,000 shares of the 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. The trade was a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,992 shares of company stock worth $123,244,714 in the last three months. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

PWR has been the subject of several recent research reports. UBS Group boosted their target price on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Evercore boosted their target price on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Citigroup boosted their price target on shares of Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $733.87.

Quanta Services Stock Performance

Quanta Services stock opened at $691.41 on Wednesday. The firm’s 50 day simple moving average is $667.21 and its 200 day simple moving average is $552.14. The firm has a market capitalization of $103.75 billion, a PE ratio of 94.84, a price-to-earnings-growth ratio of 2.73 and a beta of 1.20. Quanta Services, Inc. has a 1-year low of $341.93 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 issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 earnings per share for the current fiscal year.

Quanta Services announced that its Board of Directors has initiated a share buyback plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Quanta Services Dividend Announcement

The business 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 $0.11 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is presently 6.04%.

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.