Wealthfront Advisers LLC Acquires 1,559 Shares of Quanta Services, Inc. $PWR

Wealthfront Advisers LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,100 shares of the construction company’s stock after buying an additional 1,559 shares during the quarter. Wealthfront Advisers LLC’s holdings in Quanta Services were worth $14,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Quanta Services during the 4th quarter worth approximately $817,285,000. Victory Capital Management Inc. lifted its position in shares of Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after acquiring an additional 758,862 shares during the period. Corient Private Wealth LLC boosted its stake in Quanta Services by 137.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after acquiring an additional 667,050 shares in the last quarter. Sands Capital Management LLC bought a new position in Quanta Services during the fourth quarter worth $243,485,000. Finally, Select Equity Group L.P. grew its holdings in Quanta Services by 69.3% in the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after purchasing an additional 416,395 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Performance

PWR opened at $630.09 on Friday. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. The company has a market cap of $94.55 billion, a price-to-earnings ratio of 86.43, a PEG ratio of 2.55 and a beta of 1.21. The company’s fifty day moving average price is $705.81 and its two-hundred day moving average price is $598.03. 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 quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the company earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, analysts expect that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

Quanta Services declared that its Board of Directors has authorized a stock repurchase plan on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s payout ratio is 6.04%.

Insider Buying and Selling

In other 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 stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the transaction, the chief executive officer owned 16,508 shares in the company, valued at $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,992 shares of company stock valued at $123,244,714 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the subject of several research analyst reports. Robert W. Baird lifted their price target on shares of Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Jefferies Financial Group reduced their target price on Quanta Services from $857.00 to $784.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group upped their price target on Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, UBS Group increased their price target on Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Nineteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $751.86.

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.