Folger Nolan Fleming Douglas Capital Management Inc. Acquires Shares of 899 Quanta Services, Inc. $PWR

Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in Quanta Services, Inc. (NYSE:PWR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 899 shares of the construction company’s stock, valued at approximately $494,000.

A number of other large investors also recently added to or reduced their stakes in PWR. SevenBridge Financial Group LLC increased its stake in shares of Quanta Services by 0.7% during the first quarter. SevenBridge Financial Group LLC now owns 12,378 shares of the construction company’s stock worth $6,796,000 after purchasing an additional 80 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in Quanta Services by 100.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 82 shares of the construction company’s stock valued at $45,000 after buying an additional 41 shares in the last quarter. Moss Adams Wealth Advisors LLC acquired a new stake in Quanta Services in the 1st quarter worth about $253,000. EWA LLC increased its stake in Quanta Services by 5.1% during the 1st quarter. EWA LLC now owns 778 shares of the construction company’s stock worth $427,000 after buying an additional 38 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Quanta Services by 3.0% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 47,908 shares of the construction company’s stock valued at $26,302,000 after acquiring an additional 1,413 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the firm’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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction 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 owned 556,911 shares in the company, valued at $429,183,462.15. This represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 159,992 shares of company stock worth $123,244,714 over the last quarter. 0.60% of the stock is currently owned by insiders.

Quanta Services Stock Up 4.1%

NYSE PWR opened at $715.80 on Tuesday. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $705.10 and its 200-day simple moving average is $577.00. The firm has a market cap of $107.41 billion, a PE ratio of 98.19, a P/E/G ratio of 2.71 and a beta of 1.20.

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

Quanta Services announced that its Board of Directors has initiated a stock repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Quanta Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PWR. UBS Group raised 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. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. B. Riley Financial reaffirmed a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. Oppenheimer upgraded shares of 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. Finally, Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.