Jefferies Financial Group Inc. Lowers Stock Position in Quanta Services, Inc. $PWR

Jefferies Financial Group Inc. lessened its holdings in Quanta Services, Inc. (NYSE:PWR) by 49.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,901 shares of the construction company’s stock after selling 4,799 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Quanta Services were worth $2,069,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. MQS Management LLC purchased a new stake in shares of Quanta Services in the 4th quarter worth approximately $271,000. EverSource Wealth Advisors LLC lifted its position in shares of Quanta Services by 21.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 807 shares of the construction company’s stock worth $341,000 after purchasing an additional 142 shares during the period. Americana Partners LLC purchased a new stake in shares of Quanta Services in the 4th quarter worth approximately $314,000. Evoke Wealth LLC purchased a new stake in Quanta Services during the fourth quarter valued at approximately $368,000. Finally, Wilian Securities LLC purchased a new stake in Quanta Services during the fourth quarter valued at approximately $732,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PWR shares. The Goldman Sachs Group increased their target price on shares of Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Mizuho increased their target price on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Evercore increased their target price on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Argus increased their target price on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Finally, Oppenheimer raised shares of Quanta Services from an “outperform” rating to an “outperform” rating in a research report on Thursday. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $730.86.

Insiders Place Their Bets

In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the completion of the transaction, the chief executive officer owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 159,992 shares of company stock valued at $123,244,714. Corporate insiders own 0.60% of the company’s stock.

Quanta Services Trading Down 1.3%

NYSE PWR opened at $732.83 on Thursday. The company has a fifty day simple moving average of $641.98 and a two-hundred day simple moving average of $535.29. The stock has a market cap of $109.97 billion, a P/E ratio of 100.52, a P/E/G ratio of 2.55 and a beta of 1.24. Quanta Services, Inc. has a 12-month low of $336.57 and a 12-month high of $788.75. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the company posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, analysts forecast that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Dividend Announcement

The business 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. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

Quanta Services announced that its board has authorized a share buyback program on Friday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

About Quanta Services

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.