Waterfront Wealth Inc. Purchases New Position in Quanta Services, Inc. $PWR

Waterfront Wealth Inc. purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the first quarter, Holdings Channel.com reports. The firm purchased 865 shares of the construction company’s stock, valued at approximately $475,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PWR. Brighton Jones LLC purchased a new stake in Quanta Services in the 4th quarter valued at $298,000. Woodline Partners LP boosted its holdings in Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Quanta Services in the second quarter valued at about $4,632,000. Marshall Wace LLP bought a new position in shares of Quanta Services during the second quarter valued at about $996,000. Finally, StoneX Group Inc. purchased a new position in Quanta Services during the second quarter worth about $204,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction dated Monday, May 4th. The shares were 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 trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the transaction, the chief executive officer 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 three months, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PWR has been the subject of several analyst reports. Sanford C. Bernstein increased their price objective on shares of Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group increased their price target on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research report on Monday, May 4th. TD Cowen boosted their price objective on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. BNP Paribas Exane started coverage on Quanta Services in a research note on Tuesday, April 14th. They issued a “neutral” rating for the company. Finally, Zacks Research cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Nineteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $751.86.

Quanta Services Stock Performance

Shares of NYSE:PWR traded down $10.20 during mid-day trading on Friday, reaching $657.97. The company had a trading volume of 847,048 shares, compared to its average volume of 1,380,968. Quanta Services, Inc. has a one year low of $363.01 and a one year 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. The company’s 50-day moving average price is $714.79 and its 200-day moving average price is $590.92. The firm has a market cap of $98.73 billion, a price-to-earnings ratio of 90.26, a PEG ratio of 2.63 and a beta of 1.21.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data 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. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the company earned $1.78 earnings per share. Quanta Services’s revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

Quanta Services declared that its board has authorized a share repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors 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 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 6.04%.

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.