Quanta Services, Inc. $PWR Shares Purchased by Northeast Investment Management

Northeast Investment Management raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 54.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,488 shares of the construction company’s stock after acquiring an additional 10,454 shares during the quarter. Northeast Investment Management’s holdings in Quanta Services were worth $16,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Pegasus Asset Management Inc. grew its position in shares of Quanta Services by 0.8% in the first quarter. Pegasus Asset Management Inc. now owns 14,428 shares of the construction company’s stock valued at $7,921,000 after purchasing an additional 108 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new position in shares of Quanta Services during the 1st quarter worth approximately $574,000. Louisiana State Employees Retirement System acquired a new position in shares of Quanta Services during the 1st quarter worth approximately $4,173,000. KFG Wealth Management LLC lifted its stake in Quanta Services by 2.6% in the 1st quarter. KFG Wealth Management LLC now owns 1,261 shares of the construction company’s stock valued at $692,000 after buying an additional 32 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Quanta Services by 22.7% in the 1st quarter. Ritholtz Wealth Management now owns 6,175 shares of the construction company’s stock valued at $3,390,000 after buying an additional 1,143 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Insider Transactions at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. This represents a 18.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 159,992 shares of company stock valued at $123,244,714. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

PWR has been the subject of several recent research reports. Jefferies Financial Group raised their price target on Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. UBS Group upped their price objective on Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, May 4th. B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a research report on Friday, May 1st. Roth Mkm boosted their target price on shares of Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Finally, Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $733.87.

Quanta Services Trading Up 2.4%

Shares of PWR opened at $718.77 on Friday. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75. The company has a market capitalization of $107.86 billion, a PE ratio of 98.60, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The stock has a fifty day moving average of $700.61 and a two-hundred day moving average of $573.61. 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 (NYSE:PWR) last posted its quarterly earnings data 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. The business had revenue of $7.87 billion for 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 business’s revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, analysts forecast that Quanta Services, Inc. will post 12.81 EPS 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 shares. This repurchase authorization authorizes the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be issued a $0.11 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is 6.04%.

Quanta Services 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.