Accredited Investors Inc. Makes New $1.31 Million Investment in Quanta Services, Inc. $PWR

Accredited Investors Inc. acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,093 shares of the construction company’s stock, valued at approximately $1,305,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Quanta Services in the fourth quarter valued at about $298,000. Woodline Partners LP boosted its holdings in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after buying an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Quanta Services during the second quarter worth about $4,632,000. Marshall Wace LLP purchased a new stake in Quanta Services during the second quarter worth about $996,000. Finally, StoneX Group Inc. purchased a new stake 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 Buying and Selling

In other news, CAO Paul Nobel sold 4,000 shares of the business’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 value 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 $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 159,992 shares of company stock valued at $123,244,714. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their price objective on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Evercore boosted their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Jefferies Financial Group boosted their price objective on shares of Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Truist Financial set a $851.00 price objective on shares of Quanta Services in a report on Friday, May 1st. Finally, TD Cowen boosted their price objective on shares of Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $708.05.

Quanta Services Stock Performance

NYSE:PWR opened at $769.63 on Friday. The firm has a 50 day simple moving average of $616.07 and a 200-day simple moving average of $519.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a market cap of $115.49 billion, a PE ratio of 105.57, a P/E/G ratio of 2.64 and a beta of 1.24. Quanta Services, Inc. has a 1-year low of $320.56 and a 1-year high of $788.75.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data 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 business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 12.84 EPS for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s payout ratio is currently 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.