Waystone Advisors LLC Invests $304,000 in Quanta Services, Inc. $PWR

Waystone Advisors LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 721 shares of the construction company’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PWR. Brighton Jones LLC purchased a new position in shares of Quanta Services during the fourth quarter valued at approximately $298,000. Woodline Partners LP boosted its position in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Quanta Services in the 2nd quarter worth approximately $4,632,000. Marshall Wace LLP acquired a new position in Quanta Services in the 2nd quarter valued at $996,000. Finally, StoneX Group Inc. purchased a new position in shares of Quanta Services during the 2nd quarter worth $204,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PWR shares. TD Cowen lifted their price objective on Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Mizuho raised their price target on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Truist Financial set a $851.00 price objective on shares of Quanta Services in a report on Friday, May 1st. Finally, Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a research report on Friday, May 1st. 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’s stock. According to data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $733.87.

Insiders Place Their Bets

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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 dated Tuesday, May 5th. The shares were 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 in the company, valued at $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $732.83 on Thursday. The business has a 50-day moving average of $641.98 and a two-hundred day moving average of $535.29. The firm has a market capitalization of $109.97 billion, a PE ratio of 100.52, a P/E/G ratio of 2.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a 12 month low of $336.57 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, research analysts forecast that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Announces Dividend

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

Quanta Services declared that its board has approved a stock repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes 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 believes its stock is undervalued.

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.