Capital International Sarl Sells 1,261 Shares of Quanta Services, Inc. $PWR

Capital International Sarl cut its position in shares of Quanta Services, Inc. (NYSE:PWR) by 19.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,081 shares of the construction company’s stock after selling 1,261 shares during the period. Capital International Sarl’s holdings in Quanta Services were worth $2,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after purchasing an additional 386,937 shares in the last quarter. State Street Corp raised its position in Quanta Services by 1.2% during the 3rd quarter. State Street Corp now owns 6,080,747 shares of the construction company’s stock valued at $2,519,983,000 after purchasing an additional 73,460 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $1,718,371,000 after purchasing an additional 110,360 shares in the last quarter. Bank of America Corp DE raised its position in Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Quanta Services by 8.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,156,578 shares of the construction company’s stock valued at $893,139,000 after purchasing an additional 174,083 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Up 0.1%

Shares of PWR stock opened at $696.07 on Monday. Quanta Services, Inc. has a 1-year low of $341.93 and a 1-year high of $788.75. The stock’s fifty day moving average price is $661.40 and its 200 day moving average price is $548.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $104.45 billion, a price-to-earnings ratio of 95.48, a price-to-earnings-growth ratio of 2.74 and a beta of 1.20.

Quanta Services (NYSE:PWR) last announced its earnings results 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. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the business earned $1.78 EPS. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, research analysts expect that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group lifted their target price on Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price for the company in a research report on Thursday, May 28th. The Goldman Sachs Group lifted their target price on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Wolfe Research lifted their price target on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus target price of $733.87.

Insider Buying and Selling at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. The trade was a 33.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer 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. Over the last 90 days, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by company insiders.

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.