Quanta Services, Inc. $PWR Stock Position Trimmed by Sigma Planning Corp

Sigma Planning Corp decreased its position in Quanta Services, Inc. (NYSE:PWR) by 60.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,153 shares of the construction company’s stock after selling 3,325 shares during the period. Sigma Planning Corp’s holdings in Quanta Services were worth $1,182,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State Street Corp increased its position in Quanta Services by 2.1% in the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock valued at $2,619,626,000 after acquiring an additional 126,014 shares during the period. Geode Capital Management LLC boosted its position in Quanta Services by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock worth $1,718,371,000 after acquiring an additional 110,360 shares during the period. Victory Capital Management Inc. grew its stake in shares of Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after purchasing an additional 758,862 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Quanta Services by 4.9% in the second quarter. Bank of America Corp DE now owns 2,150,718 shares of the construction company’s stock worth $813,144,000 after purchasing an additional 99,782 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Quanta Services during the fourth quarter valued at $817,285,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE PWR opened at $628.11 on Friday. Quanta Services, Inc. has a 1 year low of $363.01 and a 1 year high of $788.75. The business’s fifty day moving average is $703.48 and its two-hundred day moving average is $598.24. The stock has a market capitalization of $94.25 billion, a P/E ratio of 86.16, a P/E/G ratio of 2.47 and a beta of 1.21. 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 released its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.64. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, research analysts forecast that Quanta Services, Inc. will post 12.8 earnings per share for the current fiscal year.

Quanta Services declared that its board has authorized a stock repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Quanta Services Announces Dividend

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

Insider Transactions at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,992 shares of company stock worth $123,244,714 in the last three months. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PWR shares. Sanford C. Bernstein upped their price objective on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. CICC Research started coverage on shares of Quanta Services in a research note on Thursday, May 21st. They set an “outperform” rating and a $872.00 target price on the stock. Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Truist Financial increased their price objective on shares of Quanta Services from $851.00 to $940.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Cantor Fitzgerald raised their price objective on shares of Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Nineteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.