Regal Partners Ltd Invests $514,000 in Quanta Services, Inc. $PWR

Regal Partners Ltd purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 937 shares of the construction company’s stock, valued at approximately $514,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Quanta Services in the fourth quarter valued at about $817,285,000. Victory Capital Management Inc. increased its position in Quanta Services by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after acquiring an additional 758,862 shares during the period. Corient Private Wealth LLC raised its stake in Quanta Services by 137.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after purchasing an additional 667,050 shares in the last quarter. Sands Capital Management LLC bought a new stake in Quanta Services in the 4th quarter valued at about $243,485,000. Finally, Select Equity Group L.P. grew its position in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after purchasing an additional 416,395 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Quanta Services stock opened at $588.03 on Wednesday. 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 stock has a market cap of $88.24 billion, a PE ratio of 80.66, a P/E/G ratio of 2.44 and a beta of 1.21. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. The business’s 50-day moving average price is $685.36 and its two-hundred day moving average price is $609.13.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The company 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 quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, analysts expect that Quanta Services, Inc. will post 12.8 earnings per share for the current fiscal year.

Quanta Services announced that its Board of Directors has authorized a stock repurchase 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Quanta Services’s dividend payout ratio is presently 6.04%.

Insider Activity

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 159,992 shares of company stock valued at $123,244,714 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PWR shares. Evercore lifted their price target 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. CICC Research assumed coverage on Quanta Services in a report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price objective for the company. BMO Capital Markets upped their target price on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Roth Capital increased their target price on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Finally, Truist Financial upped their price objective on shares of Quanta Services from $851.00 to $940.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average target price of $745.55.

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.