SG Americas Securities LLC Acquires 189,912 Shares of Quanta Services, Inc. $PWR

SG Americas Securities LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 255.6% in the 1st quarter, HoldingsChannel reports. The firm owned 264,207 shares of the construction company’s stock after acquiring an additional 189,912 shares during the period. SG Americas Securities LLC’s holdings in Quanta Services were worth $145,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of PWR. Lansforsakringar Fondforvaltning AB publ boosted its position in shares of Quanta Services by 5.4% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after purchasing an additional 2,375 shares during the period. Evoke Wealth LLC purchased a new stake in shares of Quanta Services in the fourth quarter worth $368,000. Sequoia Financial Advisors LLC raised its position in shares of Quanta Services by 3.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after purchasing an additional 3,966 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Quanta Services by 9.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock valued at $21,357,000 after buying an additional 4,568 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in Quanta Services by 44.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock worth $101,743,000 after buying an additional 75,449 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’s 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 approximately $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $3,027,920.00. Following the completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This represents a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 159,992 shares of company stock worth $123,244,714. Corporate insiders own 0.60% of the company’s stock.

Quanta Services Stock Up 0.3%

Shares of PWR stock opened at $704.35 on Monday. The company’s fifty day simple moving average is $690.42 and its two-hundred day simple moving average is $566.36. Quanta Services, Inc. has a 52 week low of $358.38 and a 52 week high of $788.75. The stock has a market cap of $105.70 billion, a P/E ratio of 96.62, a PEG ratio of 2.76 and a beta of 1.20. 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 (NYSE:PWR) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the business posted $1.78 earnings per share. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts predict that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services declared that its Board of Directors has approved a share 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 repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Quanta Services Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PWR shares. Truist Financial set a $851.00 price target on Quanta Services in a research note on Friday, May 1st. The Goldman Sachs Group upped their price objective on Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Stifel Nicolaus set a $784.00 target price on Quanta Services in a research note on Friday, May 1st. Finally, Jefferies Financial Group boosted their price target on Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One 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’s stock. According to data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $733.87.

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.