Independent Advisor Alliance Acquires 4,928 Shares of Quanta Services, Inc. $PWR

Independent Advisor Alliance lifted its holdings in Quanta Services, Inc. (NYSE:PWR) by 36.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,303 shares of the construction company’s stock after buying an additional 4,928 shares during the period. Independent Advisor Alliance’s holdings in Quanta Services were worth $7,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Sunburst Financial Group LLC lifted its stake in shares of Quanta Services by 2.0% in the 4th quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock worth $484,000 after purchasing an additional 22 shares during the period. Spirepoint Private Client LLC lifted its stake in shares of Quanta Services by 2.0% in the 4th quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock worth $467,000 after purchasing an additional 22 shares during the period. Vista Capital Partners Inc. lifted its stake in shares of Quanta Services by 3.1% in the 4th quarter. Vista Capital Partners Inc. now owns 742 shares of the construction company’s stock worth $313,000 after purchasing an additional 22 shares during the period. Headinvest LLC lifted its stake in shares of Quanta Services by 2.2% in the 4th quarter. Headinvest LLC now owns 1,001 shares of the construction company’s stock worth $422,000 after purchasing an additional 22 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Quanta Services by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after purchasing an additional 23 shares during the period. Institutional investors own 90.49% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction 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 directly owned 556,911 shares of the company’s stock, 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. Over 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 insiders.

Analyst Ratings Changes

PWR has been the topic of several recent research reports. Bank of America increased their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Robert W. Baird raised their target price on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. BNP Paribas Exane started coverage on shares of Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. Finally, TD Cowen raised their target price on shares of Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $708.05.

Quanta Services Price Performance

NYSE PWR opened at $766.12 on Wednesday. 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, Inc. has a 12 month low of $320.56 and a 12 month high of $788.75. The company’s 50 day moving average is $603.73 and its two-hundred day moving average is $512.59. The stock has a market cap of $114.96 billion, a price-to-earnings ratio of 105.09, a PEG ratio of 2.68 and a beta of 1.24.

Quanta Services (NYSE:PWR) last announced 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. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same period last year, the firm posted $1.78 EPS. The company’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. As a group, research analysts anticipate that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 6.04%.

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.