Quanta Services, Inc. $PWR Shares Bought by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,570 shares of the construction company’s stock after acquiring an additional 823 shares during the period. Paragon Private Wealth Management LLC’s holdings in Quanta Services were worth $1,929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted 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 buying an additional 386,937 shares during the period. State Street Corp boosted its position in Quanta Services by 1.2% in the 3rd quarter. State Street Corp now owns 6,080,747 shares of the construction company’s stock worth $2,519,983,000 after purchasing an additional 73,460 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Quanta Services by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock worth $1,718,371,000 after purchasing an additional 110,360 shares during the period. Bank of America Corp DE increased its holdings in shares of Quanta Services by 35.6% during 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. Finally, Victory Capital Management Inc. increased its holdings in shares of Quanta Services by 8.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,156,578 shares of the construction company’s stock valued at $893,139,000 after purchasing an additional 174,083 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Down 0.3%

PWR stock opened at $691.41 on Wednesday. Quanta Services, Inc. has a 52 week low of $341.93 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 firm has a 50-day simple moving average of $667.21 and a 200-day simple moving average of $552.14. The stock has a market capitalization of $103.75 billion, a P/E ratio of 94.84, a P/E/G ratio of 2.73 and a beta of 1.20.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share 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 for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the company 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. Equities analysts forecast that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services announced that its board has approved a share buyback plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy 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 Announces Dividend

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 paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 6.04%.

Insider Activity at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the completion of the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the transaction, the chief executive officer owned 16,508 shares in the company, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,992 shares of company stock valued at $123,244,714 over the last quarter. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price target on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. CICC Research assumed coverage on shares of Quanta Services in a report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price objective for the company. Evercore increased their target price on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. 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. Finally, Wolfe Research lifted their price target on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. One equities 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. According to MarketBeat, Quanta Services presently has a consensus 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.