Quanta Services, Inc. $PWR Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH cut its position in Quanta Services, Inc. (NYSE:PWR) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,041 shares of the construction company’s stock after selling 807 shares during the quarter. Erste Asset Management GmbH’s holdings in Quanta Services were worth $40,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in Quanta Services during the 2nd quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services during the 4th quarter valued at approximately $28,000. Creative Financial Designs Inc. ADV raised its stake in Quanta Services by 266.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock valued at $32,000 after acquiring an additional 56 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in Quanta Services during the 4th quarter valued at approximately $34,000. Finally, Elyxium Wealth LLC purchased a new stake in Quanta Services during the 4th quarter valued at approximately $34,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. The Goldman Sachs Group upped their price objective on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research note on Monday, May 4th. B. Riley Financial reaffirmed a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Robert W. Baird increased their target price on Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Mizuho increased their target price on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. One research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Stock Performance

Shares of PWR stock opened at $696.07 on Monday. The company has a market cap of $104.45 billion, a price-to-earnings ratio of 95.48, a price-to-earnings-growth ratio of 2.74 and a beta of 1.20. The stock has a 50 day simple moving average of $661.40 and a 200-day simple moving average of $548.61. Quanta Services, Inc. has a 12-month low of $341.93 and a 12-month 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.

Quanta Services (NYSE:PWR) last issued 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. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors 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 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.04%.

Quanta Services announced that its board has authorized a share repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related 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 stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the sale, the chief executive officer owned 16,508 shares in the company, valued at $12,722,880.68. This represents a 61.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $3,027,920.00. Following the completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

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.