Quanta Services, Inc. $PWR Shares Sold by Energy Income Partners LLC

Energy Income Partners LLC decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 42.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,193 shares of the construction company’s stock after selling 92,366 shares during the quarter. Energy Income Partners LLC’s holdings in Quanta Services were worth $69,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its position in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares during the period. Darwin Wealth Management LLC acquired a new position in Quanta Services during the second quarter worth approximately $26,000. Boreal Capital Management LLC acquired a new position in Quanta Services during the first quarter worth approximately $27,000. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services in the fourth quarter valued at approximately $28,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Quanta Services in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Activity

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services 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 sale, 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 have sold 159,992 shares of company stock valued at $123,244,714 over the last three months. 0.60% of the stock is currently owned by corporate insiders.

Quanta Services Price Performance

Shares of NYSE PWR opened at $619.98 on Tuesday. The stock has a fifty day moving average price of $687.90 and a 200 day moving average price of $608.07. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. 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 company has a market cap of $93.03 billion, a PE ratio of 85.05, a P/E/G ratio of 2.46 and a beta of 1.21.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion for 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%. Quanta Services’s revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 12.8 EPS for the current year.

Quanta Services declared that its board has initiated a stock buyback program on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were paid 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 payout ratio is 6.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PWR. Evercore raised their target price on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. The Goldman Sachs Group increased their price target on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Sanford C. Bernstein raised their price objective on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. BMO Capital Markets lifted their price objective on shares of Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Cantor Fitzgerald upped their target price on shares of Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $745.55.

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.