Quanta Services, Inc. $PWR Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 35.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,915,440 shares of the construction company’s stock after acquiring an additional 758,862 shares during the period. Quanta Services comprises approximately 0.7% of Victory Capital Management Inc.’s portfolio, making the stock its 21st largest position. Victory Capital Management Inc.’s holdings in Quanta Services were worth $1,230,493,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cedar Mountain Advisors LLC grew its stake in shares of Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services in the second quarter worth $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Quanta Services in the fourth quarter worth $28,000. Meeder Asset Management Inc. grew its stake in shares of Quanta Services by 221.7% during the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after purchasing an additional 51 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Quanta Services by 266.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock worth $32,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR opened at $708.86 on Friday. Quanta Services, Inc. has a fifty-two week low of $349.06 and a fifty-two week high of $788.75. The company has a market capitalization of $106.37 billion, a price-to-earnings ratio of 97.24, a price-to-earnings-growth ratio of 2.69 and a beta of 1.20. The firm has a 50-day simple moving average of $675.23 and a 200-day simple moving average of $556.55. 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 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. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities research analysts anticipate that Quanta Services, Inc. will post 12.81 earnings per share for the current year.

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

Quanta Services Dividend Announcement

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

Insider Activity

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction dated 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. Insiders have sold 159,992 shares of company stock valued at $123,244,714 over the last three months. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PWR. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Sanford C. Bernstein boosted their target price on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. DA Davidson upped their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Robert W. Baird upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average price target of $733.87.

About Quanta Services

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.