California Public Employees Retirement System Sells 2,209 Shares of Quanta Services, Inc. $PWR

California Public Employees Retirement System reduced its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 274,625 shares of the construction company’s stock after selling 2,209 shares during the period. California Public Employees Retirement System’s holdings in Quanta Services were worth $150,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Quanta Services by 2.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock worth $282,000 after buying an additional 13 shares in the last quarter. Heartland Bank & Trust Co acquired a new position in shares of Quanta Services in the first quarter valued at about $315,000. Aire Advisors LLC bought a new position in Quanta Services during the first quarter worth about $281,000. Cornerstone Planning Group LLC increased its position in Quanta Services by 17.1% during the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the construction company’s stock worth $71,000 after acquiring an additional 19 shares during the period. Finally, Gryphon Financial Partners LLC raised its stake in Quanta Services by 51.7% in the 1st quarter. Gryphon Financial Partners LLC now owns 1,617 shares of the construction company’s stock worth $888,000 after purchasing an additional 551 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Insider Activity at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the sale, the chief executive officer owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the business’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 trade represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 159,992 shares of company stock worth $123,244,714 over the last quarter. 0.60% of the stock is currently owned by company insiders.

Quanta Services Price Performance

Shares of PWR opened at $628.11 on Friday. The stock has a market cap of $94.25 billion, a PE ratio of 86.16, a PEG ratio of 2.47 and a beta of 1.21. 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 business has a 50-day simple moving average of $703.48 and a two-hundred day simple moving average of $598.24. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75.

Quanta Services (NYSE:PWR) last posted 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 for the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts anticipate that Quanta Services, Inc. will post 12.8 earnings per share for the current fiscal year.

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

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is 6.04%.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of analyst reports. Robert W. Baird increased their target price on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Zacks Research downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Oppenheimer upgraded Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target for the company in a research note on Thursday, May 28th. Sanford C. Bernstein raised their price objective on Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Finally, Roth Capital lifted their price objective on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a report on Monday, April 6th. Nineteen research 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $751.86.

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.