Flywheel Private Wealth LLC Sells 6,000 Shares of Quanta Services, Inc. $PWR

Flywheel Private Wealth LLC reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 14.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 34,914 shares of the construction company’s stock after selling 6,000 shares during the period. Quanta Services accounts for approximately 10.9% of Flywheel Private Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Flywheel Private Wealth LLC’s holdings in Quanta Services were worth $19,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cedar Mountain Advisors LLC grew its position in shares of Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the 2nd quarter worth approximately $26,000. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services in the 4th quarter valued at approximately $28,000. MV Capital Management Inc. acquired a new stake in Quanta Services during the 4th quarter valued at $30,000. Finally, Meeder Asset Management Inc. grew its holdings in Quanta Services by 221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 0.3%

Shares of Quanta Services stock opened at $704.35 on Monday. Quanta Services, Inc. has a fifty-two week low of $358.38 and a fifty-two week high of $788.75. The business’s fifty day moving average is $690.42 and its two-hundred day moving average is $566.36. 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 firm has a market cap of $105.70 billion, a PE ratio of 96.62, a P/E/G ratio of 2.76 and a beta of 1.20.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts anticipate that Quanta Services, Inc. will post 12.81 earnings per share for the current year.

Quanta Services Announces Dividend

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 paid a dividend of $0.11 per share. The ex-dividend date of this dividend 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 approved a share repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

PWR has been the subject of a number of analyst reports. Cantor Fitzgerald boosted their price target on Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Sanford C. Bernstein increased their price objective on Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Argus lifted their price objective on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. BNP Paribas Exane began coverage on shares of Quanta Services in a report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Finally, Truist Financial set a $851.00 price target on shares of Quanta Services in a research note on Friday, May 1st. One 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. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $733.87.

Insider Activity

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 556,911 shares in the company, valued at $429,183,462.15. This represents a 18.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Paul Nobel sold 4,000 shares of the firm’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 transaction of $3,027,920.00. Following the completion of the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services Company 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.