Quanta Services, Inc. $PWR Shares Acquired by Atria Investments Inc

Atria Investments Inc lifted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 6.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,746 shares of the construction company’s stock after purchasing an additional 928 shares during the period. Atria Investments Inc’s holdings in Quanta Services were worth $6,224,000 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. Lansforsakringar Fondforvaltning AB publ lifted its stake in Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after purchasing an additional 2,375 shares during the last quarter. Chilton Capital Management LLC lifted its stake in Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares during the last quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. purchased a new stake in Quanta Services during the third quarter worth approximately $1,752,000. Westfield Capital Management Co. LP lifted its stake in Quanta Services by 44.4% during the third quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock worth $101,743,000 after purchasing an additional 75,449 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Quanta Services by 9.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock worth $21,357,000 after purchasing an additional 4,568 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Quanta Services news, 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 completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the sale, the chief executive officer owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by company insiders.

Quanta Services Price Performance

Shares of NYSE PWR opened at $769.63 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 twelve month low of $320.56 and a twelve month high of $788.75. The stock has a 50 day moving average of $616.07 and a two-hundred day moving average of $519.19. The stock has a market cap of $115.49 billion, a P/E ratio of 105.57, a P/E/G ratio of 2.68 and a beta of 1.24.

Quanta Services (NYSE:PWR) last issued 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. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The firm’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. On average, research analysts forecast that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were paid a $0.11 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s payout ratio is currently 6.04%.

Wall Street Analyst Weigh In

PWR has been the subject of several recent analyst reports. Mizuho boosted their target price on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Evercore boosted their target price on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. UBS Group boosted their target price on Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Robert W. Baird boosted their target price on Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and an average target price of $708.05.

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.