First Trust Advisors LP raised its position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 18.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,003,917 shares of the construction company’s stock after purchasing an additional 155,529 shares during the quarter. First Trust Advisors LP’s holdings in Quanta Services were worth $551,170,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. Cedar Mountain Advisors LLC increased its holdings in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after acquiring an additional 45 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Quanta Services during the fourth quarter worth $28,000. Darwin Wealth Management LLC acquired a new position in Quanta Services in the second quarter worth $26,000. MV Capital Management Inc. bought a new stake in Quanta Services during the fourth quarter valued at $30,000. Finally, Meeder Asset Management Inc. raised its holdings 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 during the period. Institutional investors own 90.49% of the company’s stock.
Analyst Upgrades and Downgrades
PWR has been the topic of a number of recent research reports. Sanford C. Bernstein raised their price target on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Stifel Nicolaus set a $784.00 price objective on shares of Quanta Services in a research note on Friday, May 1st. Robert W. Baird raised their target price on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. 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 note on Monday, May 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $714.00 price target on shares of Quanta Services in a research report on Tuesday. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $745.55.
Quanta Services Stock Up 1.0%
Quanta Services stock opened at $638.74 on Wednesday. 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, Inc. has a one year low of $363.01 and a one year high of $788.75. The company has a 50-day simple moving average of $698.00 and a 200-day simple moving average of $602.38. The firm has a market capitalization of $95.85 billion, a P/E ratio of 87.62, a P/E/G ratio of 2.49 and a beta of 1.21.
Quanta Services (NYSE:PWR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $7 billion. During the same period last year, the firm posted $1.78 EPS. Quanta Services’s quarterly revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities analysts expect that Quanta Services, Inc. will post 12.8 earnings per share for the current year.
Quanta Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 6.04%.
Quanta Services declared that its Board of Directors has initiated a share buyback plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
More Quanta Services News
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Quanta was named the 2026 Top U.S. Solar Solutions Provider by Solar Power World for the third time in four years, highlighting its leadership in solar project execution and its ability to win large renewable-energy contracts. Quanta Services Named 2026 Top U.S. Solar Solutions Provider by Solar Power World
- Positive Sentiment: Analysts and investors are pointing to Quanta’s execution certainty as a competitive advantage, especially as utilities and technology customers ramp up spending on large, complex infrastructure projects. Can Quanta’s Execution Certainty Strengthen Its Competitive Position?
- Positive Sentiment: JPMorgan reaffirmed a Neutral rating but set a $714 price target, which is above the current share price and suggests upside if execution remains strong. JPMorgan rating update via Benzinga
- Neutral Sentiment: Market commentary noted that PWR has outpaced the broader market in the latest session, reflecting continued investor interest but not a new fundamental catalyst. Quanta Services (PWR) Outpaces Stock Market Gains: What You Should Know
- Neutral Sentiment: One article argued the stock may look pricey on cash flow and earnings, which could limit near-term upside if valuation concerns gain traction. Quanta Services (PWR) Stock Looks Pricey On Cash Flow And Earnings
- Neutral Sentiment: NZS Capital said it strengthened its position in Quanta in a quarterly letter, but the note was broader portfolio commentary rather than a company-specific catalyst. NZS Capital Quanta Services position update
Insider Buying and Selling
In other Quanta Services 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 completion of the transaction, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the 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 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. The trade was a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 over the last three months. Corporate insiders own 0.60% of the company’s stock.
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.
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