WINTON GROUP Ltd acquired a new stake in Quanta Services, Inc. (NYSE:PWR – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,419 shares of the construction company’s stock, valued at approximately $599,000.
Other hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in Quanta Services during the second quarter worth about $26,000. Flagship Harbor Advisors LLC acquired a new stake in Quanta Services during the fourth quarter worth about $28,000. Creative Financial Designs Inc. ADV increased its position in 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 purchasing an additional 56 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Quanta Services during the fourth quarter worth about $34,000. Finally, Elyxium Wealth LLC acquired a new stake in Quanta Services during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 90.49% of the company’s stock.
Quanta Services Price Performance
Shares of PWR opened at $651.28 on Thursday. Quanta Services, Inc. has a 1-year low of $345.37 and a 1-year high of $788.75. The stock has a market cap of $97.73 billion, a PE ratio of 89.34, a P/E/G ratio of 2.72 and a beta of 1.20. The firm has a 50-day simple moving average of $669.57 and a two-hundred day simple moving average of $553.70. 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date 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 (DPR) is currently 6.04%.
Quanta Services declared that its Board of Directors has authorized a share repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on PWR. Evercore raised their price objective 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. The Goldman Sachs Group raised their price objective on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Robert W. Baird raised their price objective on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, CICC Research began coverage on shares of Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.
View Our Latest Stock Report on PWR
Key Quanta Services News
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Quanta’s latest earnings report was strong, with a large EPS and revenue beat and higher full-year guidance, reinforcing confidence in the company’s growth outlook.
- Positive Sentiment: Analysts remain constructive on PWR, with multiple recent price targets in the $775-$900 range, suggesting Wall Street still sees upside from current levels.
- Positive Sentiment: Quanta remains a key beneficiary of grid expansion and AI infrastructure demand, a multi-year theme that supports backlog and revenue visibility.
- Neutral Sentiment: Recent coverage has highlighted Quanta as a high-quality infrastructure winner, but the stock had already rallied strongly, making it vulnerable to profit-taking.
- Negative Sentiment: Recent insider Form 4 activity and a history of insider sales are weighing on sentiment, even though the filings may be related to equity awards rather than outright bearish trading.
- Negative Sentiment: Investors also appear to be de-risking higher-multiple industrial and infrastructure names after the stock’s sharp prior advance.
Insider Transactions at Quanta Services
In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the sale, the chief executive officer directly owned 16,508 shares in the company, valued at $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated 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 sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 159,992 shares of company stock valued at $123,244,714. Company insiders own 0.60% of the company’s stock.
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.
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