Quanta Services, Inc. $PWR Shares Bought by Prudential PLC

Prudential PLC grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 182.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,844 shares of the construction company’s stock after purchasing an additional 3,778 shares during the quarter. Prudential PLC’s holdings in Quanta Services were worth $2,467,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PWR. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the 2nd quarter valued at $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Quanta Services during the 4th quarter valued at $28,000. Creative Financial Designs Inc. ADV increased its position in shares of Quanta Services by 266.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock valued at $32,000 after purchasing an additional 56 shares during the period. Laurel Wealth Advisors LLC acquired a new position in shares of Quanta Services during the 4th quarter valued at $34,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Quanta Services during the 4th quarter valued at $34,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PWR has been the topic of several research analyst reports. Oppenheimer upgraded Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target on the stock in a research report on Thursday, May 28th. Mizuho raised their price objective on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. UBS Group raised their price objective on Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Truist Financial set a $851.00 price objective on Quanta Services in a research note on Friday, May 1st. Finally, BMO Capital Markets raised their price objective 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 equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $733.87.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 16,508 shares in the company, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is currently owned by insiders.

Quanta Services Stock Performance

PWR opened at $696.07 on Monday. The firm has a market cap of $104.45 billion, a PE ratio of 95.48, a P/E/G ratio of 2.74 and a beta of 1.20. The business has a fifty day simple moving average of $661.40 and a 200-day simple moving average of $548.61. 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, Inc. has a fifty-two week low of $341.93 and a fifty-two week high of $788.75.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping the consensus estimate 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 return on equity of 18.64% and a net margin of 3.67%.Quanta Services’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is 6.04%.

Quanta Services announced that its board has initiated a share repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.