Quanta Services, Inc. $PWR Stock Holdings Raised by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its stake in Quanta Services, Inc. (NYSE:PWR) by 13.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,625 shares of the construction company’s stock after acquiring an additional 1,686 shares during the period. J.W. Cole Advisors Inc.’s holdings in Quanta Services were worth $6,173,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Prudential PLC lifted its holdings in Quanta Services by 182.9% in the fourth quarter. Prudential PLC now owns 5,844 shares of the construction company’s stock worth $2,467,000 after acquiring an additional 3,778 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Quanta Services by 11.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 273,528 shares of the construction company’s stock worth $115,445,000 after acquiring an additional 28,022 shares during the last quarter. Vise Technologies Inc. lifted its holdings in Quanta Services by 20.3% in the fourth quarter. Vise Technologies Inc. now owns 5,128 shares of the construction company’s stock worth $2,164,000 after acquiring an additional 866 shares during the last quarter. Continuum Advisory LLC lifted its holdings in Quanta Services by 5.4% in the fourth quarter. Continuum Advisory LLC now owns 2,101 shares of the construction company’s stock worth $887,000 after acquiring an additional 108 shares during the last quarter. Finally, State of Wyoming lifted its holdings in Quanta Services by 0.4% in the fourth quarter. State of Wyoming now owns 7,293 shares of the construction company’s stock worth $3,078,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PWR. BMO Capital Markets raised their target price on shares of Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Truist Financial set a $851.00 target price on shares of Quanta Services in a research report on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They issued a “neutral” rating for the company. Finally, UBS Group upped their target price on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Insider Activity at Quanta Services

In other news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 159,992 shares of company stock valued at $123,244,714 over the last quarter. Insiders own 0.60% of the company’s stock.

Quanta Services Price Performance

NYSE PWR opened at $696.07 on Friday. Quanta Services, Inc. has a 52 week low of $341.93 and a 52 week high of $788.75. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The stock has a market cap of $104.45 billion, a price-to-earnings ratio of 95.48, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. The company has a 50-day moving average price of $661.40 and a two-hundred day moving average price of $547.76.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data 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. The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the firm posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Dividend Announcement

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

Quanta Services announced that its Board of Directors has authorized a share buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.