WMS Group LLC Invests $749,000 in Quanta Services, Inc. $PWR

WMS Group LLC purchased a new stake in Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,774 shares of the construction company’s stock, valued at approximately $749,000. Quanta Services makes up approximately 1.0% of WMS Group LLC’s holdings, making the stock its 27th largest position.

Several other hedge funds have also recently bought and sold shares of PWR. Reflection Asset Management acquired a new position in Quanta Services in the fourth quarter valued at about $89,000. Tobam raised its position in shares of Quanta Services by 2,381.3% during the fourth quarter. Tobam now owns 4,119 shares of the construction company’s stock worth $1,738,000 after acquiring an additional 3,953 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of Quanta Services in the 4th quarter valued at about $926,000. MidFirst Bank acquired a new stake in Quanta Services during the 4th quarter worth $255,000. Finally, Titan Investment Management LLC bought a new stake in Quanta Services in the fourth quarter valued at about $2,128,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PWR shares. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Cantor Fitzgerald increased their target price on shares of Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. BMO Capital Markets lifted their price target on shares of Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Oppenheimer upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective for the company in a research report on Thursday, May 28th. Finally, Mizuho lifted their target price on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Stock Up 0.3%

Quanta Services stock opened at $704.35 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 1-year low of $358.38 and a 1-year high of $788.75. The company has a fifty day simple moving average of $690.42 and a 200 day simple moving average of $565.56. The company has a market cap of $105.70 billion, a P/E ratio of 96.62, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20.

Quanta Services (NYSE:PWR) last issued its quarterly 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. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period in the previous year, the firm posted $1.78 EPS. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts anticipate that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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

Quanta Services declared that its Board of Directors has authorized a share buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’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 directly owned 556,911 shares in the company, valued at $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $3,027,920.00. Following the transaction, the chief accounting officer directly 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 have sold 159,992 shares of company stock valued at $123,244,714 over the last three months. Insiders own 0.60% of the company’s stock.

About Quanta Services

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.