North Dakota State Investment Board Invests $2.13 Million in Quanta Services, Inc. $PWR

North Dakota State Investment Board bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 5,049 shares of the construction company’s stock, valued at approximately $2,131,000.

A number of other institutional investors have also modified their holdings of PWR. Darwin Wealth Management LLC purchased a new position in Quanta Services during the second quarter valued at approximately $26,000. Activest Wealth Management increased its holdings in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after buying an additional 32 shares during the period. Flagship Harbor Advisors LLC purchased a new position in Quanta Services during the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC increased its holdings in Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new position in Quanta Services during the fourth quarter valued at approximately $34,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’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 in the company, valued at $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction 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 sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by insiders.

Quanta Services Price Performance

Shares of PWR opened at $723.01 on Tuesday. The company has a market cap of $108.49 billion, a price-to-earnings ratio of 99.18, a price-to-earnings-growth ratio of 2.64 and a beta of 1.24. Quanta Services, Inc. has a twelve month low of $320.56 and a twelve month high of $788.75. 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 company has a 50 day moving average of $619.54 and a two-hundred day moving average of $521.74.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, analysts predict that Quanta Services, Inc. will post 12.84 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PWR. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Evercore lifted their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. UBS Group lifted their price objective on shares of Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Cantor Fitzgerald lifted their price objective 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. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $708.05.

Quanta Services 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.