Quanta Services, Inc. $PWR Shares Sold by Ieq Capital LLC

Ieq Capital LLC trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 241,955 shares of the construction company’s stock after selling 20,800 shares during the period. Ieq Capital LLC’s holdings in Quanta Services were worth $102,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PWR. Brighton Jones LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth about $298,000. Woodline Partners LP boosted its stake in shares of Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after purchasing an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Quanta Services during the 2nd quarter worth about $4,632,000. Marshall Wace LLP acquired a new stake in shares of Quanta Services during the 2nd quarter worth about $996,000. Finally, StoneX Group Inc. acquired a new stake in shares of Quanta Services during the 2nd quarter worth about $204,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PWR has been the topic of several analyst reports. Cantor Fitzgerald raised their price target on shares of Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Truist Financial set a $851.00 price target on shares of Quanta Services in a research note on Friday, May 1st. Jefferies Financial Group raised their price target on shares of Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Oppenheimer raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target on the stock in a research note on Thursday, May 28th. Finally, BNP Paribas Exane initiated coverage on shares of Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Insider Activity at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the transaction, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $429,183,462.15. The trade was a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 159,992 shares of company stock worth $123,244,714 in the last 90 days. 0.60% of the stock is currently owned by insiders.

Quanta Services Trading Up 3.7%

NYSE PWR opened at $708.86 on Friday. Quanta Services, Inc. has a one year low of $349.06 and a one year high of $788.75. The company’s 50 day moving average price is $675.23 and its 200 day moving average price is $556.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a market capitalization of $106.37 billion, a price-to-earnings ratio of 97.24, a PEG ratio of 2.69 and a beta of 1.20.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS 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 analyst estimates of $7 billion. During the same quarter last year, the firm posted $1.78 earnings per share. Quanta Services’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. On average, sell-side analysts predict that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors 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 dividend payout ratio (DPR) is presently 6.04%.

Quanta Services announced that its board has initiated a share repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.