Tower View Wealth Management LLC Cuts Stock Position in Quanta Services, Inc. $PWR

Tower View Wealth Management LLC decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 6.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,924 shares of the construction company’s stock after selling 944 shares during the period. Quanta Services comprises about 3.6% of Tower View Wealth Management LLC’s holdings, making the stock its 7th largest holding. Tower View Wealth Management LLC’s holdings in Quanta Services were worth $7,095,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. KFG Wealth Management LLC lifted its stake in shares of Quanta Services by 2.6% in the 1st quarter. KFG Wealth Management LLC now owns 1,261 shares of the construction company’s stock valued at $692,000 after purchasing an additional 32 shares during the period. Ritholtz Wealth Management grew its stake in Quanta Services by 22.7% in the first quarter. Ritholtz Wealth Management now owns 6,175 shares of the construction company’s stock worth $3,390,000 after purchasing an additional 1,143 shares during the period. KFA Private Wealth Group LLC bought a new position in Quanta Services in the first quarter worth $254,000. Factor Wealth Management LTD purchased a new position in Quanta Services during the first quarter valued at $204,000. Finally, Brian Low Financial Group LLC bought a new stake in shares of Quanta Services during the 1st quarter valued at $294,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $718.77 on Friday. The business has a fifty day moving average price of $700.61 and a 200-day moving average price of $573.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market capitalization of $107.86 billion, a PE ratio of 98.60, a PEG ratio of 2.76 and a beta of 1.20. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the previous year, the business posted $1.78 EPS. Quanta Services’s 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. As a group, equities analysts expect that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services announced that its board has approved a stock repurchase plan on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Quanta Services Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the sale, the chief executive officer owned 16,508 shares of the company’s stock, valued at $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the business’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 transaction, the chief accounting officer owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 159,992 shares of company stock worth $123,244,714. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PWR shares. TD Cowen upped their target price on shares of Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group boosted their price objective on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group raised their target price on shares of Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $733.87.

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.