ING Groep NV Has $16.26 Million Holdings in Quanta Services, Inc. $PWR

ING Groep NV boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 184.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,517 shares of the construction company’s stock after buying an additional 24,954 shares during the period. ING Groep NV’s holdings in Quanta Services were worth $16,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PWR. Darwin Wealth Management LLC purchased a new position in Quanta Services during the 2nd quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Quanta Services in the fourth quarter worth approximately $28,000. Creative Financial Designs Inc. ADV lifted its position in shares of Quanta Services by 266.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock worth $32,000 after purchasing an additional 56 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Quanta Services in the fourth quarter worth approximately $34,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Quanta Services in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wolfe Research increased their price target on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. DA Davidson increased their price target on shares of Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. CICC Research assumed coverage on shares of Quanta Services in a research report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price target for the company. Cantor Fitzgerald increased their price target on shares of Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Trading Up 0.1%

Shares of NYSE PWR opened at $696.07 on Monday. The stock has a market cap of $104.45 billion, a price-to-earnings ratio of 95.48, a PEG ratio of 2.74 and a beta of 1.20. The business 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 52 week low of $341.93 and a 52 week high of $788.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 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 return on equity of 18.64% and a net margin of 3.67%.The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, research analysts predict that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal 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 paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is presently 6.04%.

Quanta Services announced that its Board of Directors has initiated a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Quanta Services

In other Quanta Services news, 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 transaction of $3,027,920.00. Following the completion of the sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 directly owned 16,508 shares of the company’s stock, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is currently owned by company 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.