Quanta Services, Inc. $PWR Holdings Cut by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 6.8% in the 1st quarter, Holdings Channel reports. The firm owned 24,266 shares of the construction company’s stock after selling 1,777 shares during the quarter. Quanta Services comprises approximately 0.9% of Signal Advisors Wealth LLC’s holdings, making the stock its 21st biggest position. Signal Advisors Wealth LLC’s holdings in Quanta Services were worth $13,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PWR. Essex Bank bought a new position in Quanta Services during the 1st quarter worth $227,000. Robbins Farley lifted its stake in Quanta Services by 5.5% in the first quarter. Robbins Farley now owns 9,479 shares of the construction company’s stock valued at $5,204,000 after buying an additional 494 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Quanta Services during the first quarter valued at $230,000. Anchyra Partners LLC grew its position in shares of Quanta Services by 5.6% during the first quarter. Anchyra Partners LLC now owns 675 shares of the construction company’s stock worth $371,000 after acquiring an additional 36 shares during the last quarter. Finally, XML Financial LLC grew its position in shares of Quanta Services by 46.1% during the first quarter. XML Financial LLC now owns 840 shares of the construction company’s stock worth $461,000 after acquiring an additional 265 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on PWR. Sanford C. Bernstein lifted 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 report on Tuesday, May 5th. The Goldman Sachs Group upped their target price on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Robert W. Baird lifted their price target on Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Citigroup increased their price objective on Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $733.87.

Quanta Services Stock Up 5.7%

NYSE PWR opened at $742.13 on Tuesday. Quanta Services, Inc. has a 12 month low of $358.38 and a 12 month high of $788.75. The company has a market capitalization of $111.36 billion, a P/E ratio of 101.80, a PEG ratio of 2.76 and a beta of 1.20. The company’s 50 day simple moving average is $693.63 and its 200 day simple moving average is $568.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts expect that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be paid 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 dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

Quanta Services declared that its Board of Directors has approved a stock repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction 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 in the company, valued at $429,183,462.15. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated 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 completion of the transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. This represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 159,992 shares of company stock worth $123,244,714 over the last 90 days. 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.