Monarch Capital Management Inc. Decreases Stock Holdings in Quanta Services, Inc. $PWR

Monarch Capital Management Inc. cut its stake in Quanta Services, Inc. (NYSE:PWR) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,418 shares of the construction company’s stock after selling 1,093 shares during the period. Quanta Services makes up about 2.3% of Monarch Capital Management Inc.’s holdings, making the stock its 13th largest holding. Monarch Capital Management Inc.’s holdings in Quanta Services were worth $9,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arete Wealth Advisors LLC lifted its position in Quanta Services by 2.2% during the fourth quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock worth $387,000 after buying an additional 20 shares in the last quarter. Quantum Portfolio Management LLC grew its holdings in Quanta Services by 2.2% in the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company’s stock valued at $399,000 after buying an additional 20 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Quanta Services by 1.2% in the 4th quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company’s stock worth $731,000 after acquiring an additional 21 shares during the last quarter. Sunburst Financial Group LLC raised its holdings in shares of Quanta Services by 2.0% during the 4th quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock worth $484,000 after acquiring an additional 22 shares during the period. Finally, Spirepoint Private Client LLC raised its holdings in shares of Quanta Services by 2.0% during the 4th quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock worth $467,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Buying and Selling

In related news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction that occurred 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 sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the completion of the sale, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. The trade was a 18.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,992 shares of company stock valued at $123,244,714 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Quanta Services Stock Up 0.3%

Shares of NYSE:PWR opened at $704.35 on Friday. The business has a 50-day moving average price of $690.42 and a 200 day moving average price of $565.56. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $105.70 billion, a price-to-earnings ratio of 96.62, a PEG ratio of 2.76 and a beta of 1.20. Quanta Services, Inc. has a 12-month low of $358.38 and a 12-month high of $788.75.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. Quanta Services’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts expect that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services declared that its board has initiated a stock buyback 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 reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders 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 currently 6.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PWR shares. Cantor Fitzgerald upped their price objective on shares of Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a research note on Friday, May 1st. TD Cowen boosted their target price on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a report on Monday, May 4th. Oppenheimer raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target for the company in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group raised their price target on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a report on Monday, May 4th. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $733.87.

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.