Vivid Wealth Management LLC Sells 1,159 Shares of Quanta Services, Inc. $PWR

Vivid Wealth Management LLC lowered its holdings in Quanta Services, Inc. (NYSE:PWR) by 17.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,324 shares of the construction company’s stock after selling 1,159 shares during the quarter. Quanta Services accounts for about 1.2% of Vivid Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Vivid Wealth Management LLC’s holdings in Quanta Services were worth $2,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PWR. QRG Capital Management Inc. boosted its position in shares of Quanta Services by 8.4% during the first quarter. QRG Capital Management Inc. now owns 15,204 shares of the construction company’s stock valued at $8,347,000 after buying an additional 1,174 shares during the last quarter. HB Wealth Management LLC raised its position in Quanta Services by 2.4% in the 1st quarter. HB Wealth Management LLC now owns 22,395 shares of the construction company’s stock worth $12,296,000 after buying an additional 522 shares during the last quarter. Mustard Seed Financial LLC bought a new position in Quanta Services during the 1st quarter valued at about $221,000. PFG Investments LLC boosted its holdings in shares of Quanta Services by 262.2% during the 1st quarter. PFG Investments LLC now owns 3,412 shares of the construction company’s stock valued at $1,873,000 after acquiring an additional 2,470 shares during the last quarter. Finally, Counterweight Ventures LLC bought a new stake in shares of Quanta Services in the first quarter worth approximately $1,690,000. 90.49% of the stock is owned by institutional investors.

Insider Activity at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction on 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was 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 position. 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 three months. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PWR shares. CICC Research initiated 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 on the stock. Truist Financial lifted their target price on shares of Quanta Services from $851.00 to $940.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group boosted their target price on shares of Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Roth Mkm increased their price target on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a report on Monday, April 6th. Finally, BMO Capital Markets raised their price target on Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $755.18.

Quanta Services Trading Down 0.1%

NYSE:PWR opened at $667.73 on Friday. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75. The business has a fifty day moving average price of $711.52 and a 200-day moving average price of $582.63. The firm has a market capitalization of $100.20 billion, a price-to-earnings ratio of 91.60, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21. 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 earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion for 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 period in the previous year, the business earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current year.

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

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be paid 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 payout ratio is 6.04%.

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.