Quanta Services, Inc. $PWR Stock Holdings Decreased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,827 shares of the construction company’s stock after selling 1,439 shares during the period. Dana Investment Advisors Inc.’s holdings in Quanta Services were worth $7,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PWR. Bank of America Corp DE grew its position in shares of Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after buying an additional 765,822 shares during the last quarter. Select Equity Group L.P. grew its position in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after buying an additional 416,395 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after buying an additional 386,937 shares during the last quarter. ABN AMRO Bank N.V. grew its position in shares of Quanta Services by 376.5% during the 4th quarter. ABN AMRO Bank N.V. now owns 422,486 shares of the construction company’s stock valued at $178,264,000 after buying an additional 333,817 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Quanta Services by 29.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 826,283 shares of the construction company’s stock valued at $342,428,000 after buying an additional 189,134 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PWR. Stifel Nicolaus set a $784.00 price objective on shares of Quanta Services in a research report on Friday, May 1st. UBS Group boosted their price objective on shares of Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Cantor Fitzgerald boosted their price objective on shares of Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. TD Cowen boosted their price objective on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $708.05.

Insider Buying and Selling

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’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 directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Paul Nobel sold 4,000 shares of the company’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 transaction of $3,027,920.00. Following the completion of the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 159,992 shares of company stock valued at $123,244,714. Company insiders own 0.60% of the company’s stock.

Quanta Services Trading Down 1.3%

Quanta Services stock opened at $769.63 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $616.07 and a two-hundred day moving average price of $519.19. The firm has a market capitalization of $115.49 billion, a price-to-earnings ratio of 105.57, a PEG ratio of 2.64 and a beta of 1.24. Quanta Services, Inc. has a 52-week low of $320.56 and a 52-week high of $788.75.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The firm 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%. Quanta Services’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts expect that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were paid 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 dividend payout ratio is currently 6.04%.

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.