Brown Advisory Inc. Has $23.78 Million Stock Position in Quanta Services, Inc. $PWR

Brown Advisory Inc. lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,335 shares of the construction company’s stock after selling 8,160 shares during the quarter. Brown Advisory Inc.’s holdings in Quanta Services were worth $23,777,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PWR. Atlas Capital Advisors Inc. bought a new stake in shares of Quanta Services in the fourth quarter valued at approximately $2,589,000. Aptus Capital Advisors LLC boosted its stake in shares of Quanta Services by 9.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 60,643 shares of the construction company’s stock valued at $25,595,000 after buying an additional 5,245 shares during the period. Arete Wealth Advisors LLC boosted its stake in shares of Quanta Services by 2.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock valued at $387,000 after buying an additional 20 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Quanta Services by 51.6% in the fourth quarter. Kestra Advisory Services LLC now owns 26,284 shares of the construction company’s stock valued at $11,094,000 after buying an additional 8,943 shares during the period. Finally, 360 Financial Inc. bought a new stake in shares of Quanta Services in the fourth quarter valued at approximately $971,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Activity at Quanta Services

In other news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were 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 in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services 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 represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services Price Performance

PWR stock opened at $723.96 on Tuesday. The stock has a market capitalization of $108.64 billion, a PE ratio of 99.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.20. The company’s 50-day moving average is $678.49 and its 200-day moving average is $559.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a 1 year low of $353.69 and a 1 year high of $788.75.

Quanta Services (NYSE:PWR) last released its quarterly earnings data 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 prior year, the firm earned $1.78 EPS. The business’s revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts expect that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services declared that its board has approved a share repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. 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 dividend payout ratio (DPR) is currently 6.04%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PWR. Bank of America boosted their price target on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Wolfe Research upped their target price on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Finally, Citigroup upped their target price on Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $733.87.

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.