Eurizon Capital SGR S.p.A. Invests $19.05 Million in Quanta Services, Inc. $PWR

Eurizon Capital SGR S.p.A. bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 45,069 shares of the construction company’s stock, valued at approximately $19,052,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ raised its position in shares of Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after acquiring an additional 2,375 shares during the last quarter. Evoke Wealth LLC bought a new stake in shares of Quanta Services during the fourth quarter worth $368,000. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new stake in shares of Quanta Services during the third quarter worth $1,752,000. Atria Investments Inc increased its holdings in Quanta Services by 20.4% in the third quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after purchasing an additional 2,340 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Quanta Services by 44.4% in the third quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock valued at $101,743,000 after purchasing an additional 75,449 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 2.7%

Shares of Quanta Services stock opened at $710.34 on Friday. Quanta Services, Inc. has a 1 year low of $336.57 and a 1 year high of $788.75. The business has a 50-day moving average of $647.92 and a two-hundred day moving average of $538.51. The company has a market capitalization of $106.59 billion, a P/E ratio of 97.44, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. 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 (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 12.84 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 1st. Quanta Services’s dividend payout ratio is 6.04%.

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 shares. This buyback authorization permits the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently commented on PWR shares. Cantor Fitzgerald upped their price objective on Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Mizuho upped their price objective on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Evercore upped their price objective on Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. BMO Capital Markets upped their price objective on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Robert W. Baird upped their price objective on Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $733.87.

Insider Activity

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 16,508 shares in the company, valued at $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $756.98, for a total value 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 trade represents a 33.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 159,992 shares of company stock valued at $123,244,714 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

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.