Guyasuta Investment Advisors Inc. Trims Position in Quanta Services, Inc. $PWR

Guyasuta Investment Advisors Inc. reduced its position in Quanta Services, Inc. (NYSE:PWR) by 1.4% in the 1st quarter, Holdings Channel reports. The fund owned 71,605 shares of the construction company’s stock after selling 1,041 shares during the period. Quanta Services makes up about 2.3% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Guyasuta Investment Advisors Inc.’s holdings in Quanta Services were worth $39,313,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Quanta Services by 2.1% during the fourth quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after purchasing an additional 126,014 shares during the last quarter. Geode Capital Management LLC increased its stake in Quanta Services by 2.8% in the fourth 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 during the last quarter. Bank of America Corp DE lifted its position in Quanta Services by 35.6% during the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after buying an additional 765,822 shares during the period. Victory Capital Management Inc. lifted its position in Quanta Services by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after buying an additional 758,862 shares during the period. Finally, Norges Bank acquired a new stake in Quanta Services in the 4th quarter worth about $817,285,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. BNP Paribas Exane initiated coverage on Quanta Services in a report on Tuesday, April 14th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $851.00 target price on shares of Quanta Services in a report on Friday, May 1st. B. Riley Financial reaffirmed a “neutral” rating on shares of Quanta Services in a research report on Friday, May 1st. Finally, Oppenheimer raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target on the stock in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $733.87.

Insider Activity at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the transaction, the chief executive officer owned 16,508 shares in the company, valued at approximately $12,722,880.68. The trade was a 61.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Paul Nobel sold 4,000 shares of the company’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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by insiders.

Quanta Services Stock Performance

Quanta Services stock opened at $703.54 on Wednesday. The company has a market cap of $105.57 billion, a price-to-earnings ratio of 96.51, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75. 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 stock’s 50-day moving average is $695.99 and its 200-day moving average is $570.12.

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

Quanta Services Announces Dividend

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

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

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.