Orange Investment Advisors Inc. Has $4.82 Million Position in Quanta Services, Inc. $PWR

Orange Investment Advisors Inc. cut its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 14.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,426 shares of the construction company’s stock after selling 1,899 shares during the period. Orange Investment Advisors Inc.’s holdings in Quanta Services were worth $4,822,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wilian Securities LLC acquired a new stake in shares of Quanta Services in the fourth quarter valued at about $732,000. Axxcess Wealth Management LLC boosted its position in Quanta Services by 155.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 10,160 shares of the construction company’s stock valued at $4,288,000 after purchasing an additional 6,180 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its stake in Quanta Services by 1.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 49,793 shares of the construction company’s stock valued at $21,016,000 after purchasing an additional 870 shares in the last quarter. Commonwealth Financial Services LLC increased its position in shares of Quanta Services by 18.1% during the 4th quarter. Commonwealth Financial Services LLC now owns 1,491 shares of the construction company’s stock worth $629,000 after purchasing an additional 229 shares during the last quarter. Finally, Copia Wealth Management raised its stake in shares of Quanta Services by 71.1% during the 4th quarter. Copia Wealth Management now owns 231 shares of the construction company’s stock worth $97,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE:PWR opened at $717.20 on Friday. The company has a market cap of $107.62 billion, a P/E ratio of 98.38, a P/E/G ratio of 2.44 and a beta of 1.24. The firm’s fifty day moving average price is $628.92 and its two-hundred day moving average price is $527.29. Quanta Services, Inc. has a one year low of $320.56 and a one 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.

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, topping analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same quarter last year, the company posted $1.78 EPS. Quanta Services’s quarterly revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities analysts expect 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. Stockholders of record on Thursday, April 2nd were issued 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 Thursday, April 2nd. Quanta Services’s payout ratio is currently 6.04%.

Insider Activity at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares in the company, valued at approximately $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 accessible through this link. 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 value of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, 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 159,992 shares of company stock worth $123,244,714 in the last ninety days. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PWR shares. Truist Financial set a $851.00 target price on shares of Quanta Services in a research note on Friday, May 1st. Citigroup increased their price target on shares of Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research note on Monday, April 27th. 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 research report on Friday, May 1st. Argus upped their target price on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $715.17.

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.