Lansforsakringar Fondforvaltning AB publ Grows Holdings in Quanta Services, Inc. $PWR

Lansforsakringar Fondforvaltning AB publ grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 3.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,908 shares of the construction company’s stock after acquiring an additional 1,413 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Quanta Services were worth $26,302,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PWR. Bigelow Investment Advisors LLC purchased a new position in shares of Quanta Services in the 1st quarter valued at about $250,000. Apollon Wealth Management LLC increased its position in shares of Quanta Services by 51.4% in the first quarter. Apollon Wealth Management LLC now owns 8,478 shares of the construction company’s stock valued at $4,654,000 after buying an additional 2,879 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in shares of Quanta Services by 0.4% during the 1st quarter. Princeton Global Asset Management LLC now owns 35,781 shares of the construction company’s stock worth $19,645,000 after buying an additional 137 shares during the period. Gunderson Capital Management LLC purchased a new position in shares of Quanta Services during the 1st quarter valued at approximately $7,968,000. Finally, Janney Montgomery Scott LLC grew its stake in Quanta Services by 14.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 161,981 shares of the construction company’s stock valued at $88,931,000 after acquiring an additional 20,974 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

NYSE:PWR opened at $720.94 on Wednesday. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week 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. The company has a 50 day moving average price of $707.46 and a 200 day moving average price of $578.82. The stock has a market capitalization of $108.18 billion, a P/E ratio of 98.89, a PEG ratio of 2.81 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The company 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%.Quanta Services’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current year.

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

Quanta Services Dividend Announcement

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

Insider Activity at Quanta Services

In other news, CAO Paul Nobel sold 4,000 shares of the firm’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 sale, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were 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 of the company’s stock, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,992 shares of company stock worth $123,244,714 in the last three months. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PWR. Robert W. Baird upped their price target 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. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised their target price on Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Finally, BMO Capital Markets increased their price objective on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. One 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $733.87.

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.