Capital World Investors Cuts Position in Quanta Services, Inc. $PWR

Capital World Investors lessened its stake in Quanta Services, Inc. (NYSE:PWR) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,802,922 shares of the construction company’s stock after selling 1,018,924 shares during the quarter. Capital World Investors’ holdings in Quanta Services were worth $2,449,194,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PWR. Norges Bank purchased a new position in shares of Quanta Services in the 4th quarter valued at about $817,285,000. Bank of America Corp DE increased its holdings in shares of Quanta Services by 35.6% in the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after purchasing an additional 416,395 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Quanta Services by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after purchasing an additional 386,937 shares in the last quarter. Finally, ABN AMRO Bank N.V. increased its holdings in shares of Quanta Services by 376.5% in the 4th quarter. ABN AMRO Bank N.V. now owns 422,486 shares of the construction company’s stock valued at $178,264,000 after purchasing an additional 333,817 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE:PWR opened at $696.07 on Friday. 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 firm has a 50-day moving average price of $661.40 and a two-hundred day moving average price of $547.76. Quanta Services, Inc. has a twelve month low of $341.93 and a twelve month high of $788.75. The company has a market capitalization of $104.45 billion, a P/E ratio of 95.48, a price-to-earnings-growth ratio of 2.74 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the company earned $1.78 EPS. The firm’s revenue for the quarter 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, research analysts expect that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services announced 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 purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Quanta Services Announces Dividend

The company also recently declared 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 dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

Insider Activity

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were 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 $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 25,992 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares in the company, valued at $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,992 shares of company stock worth $123,244,714 over the last ninety days. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PWR shares. BMO Capital Markets increased their price target on shares of Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. TD Cowen raised 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. Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $733.87.

Quanta Services Company 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.