Fiduciary Alliance LLC Trims Position in Quanta Services, Inc. $PWR

Fiduciary Alliance LLC trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 12.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,294 shares of the construction company’s stock after selling 2,395 shares during the period. Fiduciary Alliance LLC’s holdings in Quanta Services were worth $10,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Quanta Services during the fourth quarter valued at approximately $817,285,000. Bank of America Corp DE grew its stake in Quanta Services by 35.6% in the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after purchasing an additional 758,862 shares during the period. Corient Private Wealth LLC raised its position in Quanta Services by 137.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after purchasing an additional 667,050 shares in the last quarter. Finally, Sands Capital Management LLC purchased a new stake in shares of Quanta Services in the 4th quarter worth $243,485,000. 90.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at $429,183,462.15. The trade was a 18.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at $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 ninety days, insiders have sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $702.98 on Thursday. The company has a market capitalization of $105.49 billion, a PE ratio of 96.43, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a 50-day simple moving average of $698.13 and a two-hundred day simple moving average of $571.80. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last released its quarterly earnings results 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 net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the business earned $1.78 EPS. The company’s 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. Research analysts expect that Quanta Services, Inc. will post 12.82 EPS for the current fiscal year.

Quanta Services declared that its board has initiated a stock buyback plan on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are usually an indication 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 $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s payout ratio is currently 6.04%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup lifted their price objective on Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a report on Monday, April 27th. CICC Research initiated coverage on shares of Quanta Services in a research report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price target for the company. Evercore increased their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. Finally, Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.