National Pension Service Sells 152,936 Shares of Quanta Services, Inc. $PWR

National Pension Service trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 36.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 265,994 shares of the construction company’s stock after selling 152,936 shares during the period. National Pension Service’s holdings in Quanta Services were worth $112,265,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Quanta Services in the fourth quarter valued at $223,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in Quanta Services in the fourth quarter worth $259,000. Northwestern Mutual Wealth Management Co. boosted its stake in Quanta Services by 24.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,220 shares of the construction company’s stock worth $8,956,000 after purchasing an additional 4,220 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in Quanta Services by 25.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,123 shares of the construction company’s stock worth $1,318,000 after purchasing an additional 624 shares in the last quarter. Finally, Baker Avenue Asset Management LP boosted its stake in Quanta Services by 7.5% in the fourth quarter. Baker Avenue Asset Management LP now owns 3,633 shares of the construction company’s stock worth $1,533,000 after purchasing an additional 255 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup boosted their price objective on Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. CICC Research assumed coverage on Quanta Services in a research note on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price objective on the stock. Robert W. Baird boosted their price objective on Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Roth Mkm boosted their price objective on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Finally, Wall Street Zen raised 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 given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $733.87.

Quanta Services Trading Down 2.7%

Shares of PWR opened at $710.34 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. Quanta Services, Inc. has a 12-month low of $336.57 and a 12-month high of $788.75. The firm has a market capitalization of $106.59 billion, a PE ratio of 97.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.24. The stock’s fifty day simple moving average is $647.92 and its 200-day simple moving average is $538.51.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results 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. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts predict that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s dividend payout ratio is 6.04%.

Quanta Services announced that its board has approved a share repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,992 shares of company stock worth $123,244,714 in the last ninety days. 0.60% of the stock is currently owned by insiders.

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.