Hollow Brook Wealth Management LLC Sells 1,163 Shares of Quanta Services, Inc. $PWR

Hollow Brook Wealth Management LLC trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,253 shares of the construction company’s stock after selling 1,163 shares during the quarter. Quanta Services makes up about 1.9% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 12th biggest holding. Hollow Brook Wealth Management LLC’s holdings in Quanta Services were worth $7,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of PWR. Cedar Mountain Advisors LLC grew its stake in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Quanta Services in the second quarter valued at approximately $26,000. Flagship Harbor Advisors LLC bought a new position in Quanta Services in the fourth quarter valued at approximately $28,000. Meeder Asset Management Inc. grew its stake in Quanta Services by 221.7% in the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after purchasing an additional 51 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in Quanta Services by 266.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock valued at $32,000 after purchasing an additional 56 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on PWR. Truist Financial set a $851.00 price target on Quanta Services in a research note on Friday, May 1st. The Goldman Sachs Group lifted their target price on Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Stifel Nicolaus set a $784.00 target price on Quanta Services in a research note on Friday, May 1st. Cantor Fitzgerald lifted their target price on Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Robert W. Baird lifted their target price on Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $733.87.

Quanta Services Stock Performance

PWR opened at $723.96 on Tuesday. The business has a fifty day simple moving average of $678.49 and a 200 day simple moving average of $559.28. The company has a market capitalization of $108.64 billion, a PE ratio of 99.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.20. Quanta Services, Inc. has a 1 year low of $353.69 and a 1 year high of $788.75. 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 released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.64. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts expect that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be paid a $0.11 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is 6.04%.

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

Insider Buying and Selling at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction on Monday, May 4th. The stock was 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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 over the last 90 days. 0.60% of the stock is currently owned by corporate 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.