Quanta Services, Inc. $PWR Stake Decreased by Tower View Wealth Management LLC

Tower View Wealth Management LLC reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 6.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,924 shares of the construction company’s stock after selling 944 shares during the period. Quanta Services makes up 3.6% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Tower View Wealth Management LLC’s holdings in Quanta Services were worth $7,095,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in PWR. Cedar Mountain Advisors LLC raised its holdings in shares of Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after buying an additional 45 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Quanta Services in the second quarter worth approximately $26,000. Flagship Harbor Advisors LLC bought a new position in Quanta Services during the fourth quarter valued at approximately $28,000. MV Capital Management Inc. purchased a new position in shares of Quanta Services during the fourth quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Quanta Services by 221.7% in the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PWR shares. Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. TD Cowen upped their price target on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group raised their price objective on Quanta Services from $654.00 to $857.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price for the company in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $733.87.

Quanta Services Trading Up 2.4%

NYSE:PWR opened at $718.77 on Friday. The firm has a market capitalization of $107.86 billion, a P/E ratio of 98.60, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $700.61 and a 200 day moving average of $573.61. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The firm had revenue of $7.87 billion for 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 company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, research analysts predict that Quanta Services, Inc. will post 12.81 earnings per share for the current year.

Quanta Services Dividend Announcement

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

Quanta Services announced that its board has approved a stock buyback program on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the company’s 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 transaction, the chief accounting officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 159,992 shares of company stock valued at $123,244,714. Company insiders own 0.60% of the company’s stock.

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.